Business loan collection scam using the name Ibrahim Alrashed
Date First Reported: June 2015
Primary Name Associated: Ibrahim Alrashed
Description of Potential Fraud:
A Washington state firm notified us that they received an email from the purported Ibrahim Alrashed looking to retain them with regards to a breach of a business loan agreement.
This is a classic bad cheque scam that presents as legal matter requiring the assistance of a lawyer. In this scam lawyers will be duped into wiring real funds from their trust accounts after depositing a fake cheque received as payment from the debtor (who is part of the fraud).
See our Confirmed Fraud Page for more of an explanation of how these frauds work and other names associated with it , and our Fraud Fact Sheet for a list the red flags of a bogus legal matter that is really a fraud.
Here is the initial contact email sent by the fraudster:
From: ibrahim alrashed [mailto:[email protected]]
Sent: June 26, 2015 5:14 PM
My name is Mr.Ibrahim Alrashed I am requesting your assistance in the litigation of a $368,000 debt owed to me by my late
sister’s husband Dr John Giese.
I need a lawyer that will help me enforce the agreement we had, and allow for my loan given to him be retrieved,as it is
way past the stipulated due payment date.
Please let me know if you can be of assistance to me.
Replying to the email brought this response:
Thank you for your prompt reply,The debtors name is Mr.John Giese,who resides in Ontario canada, while i live in Hong Kong.
In 2012 John came to us (my late wife and I) seeking financial assistance. He said he needed some money to inject into a new business venture he was embarking on, and with the constant insistence of my late wife to assist him, i had to oblige him with the loan.He has refused to pay me back since then.
I will be pleased for to provide me further advice on this matter .I expect this to be a non-litigation settlement as i have already informed him I am planning to take legal action.Also let me know of specifically of any other documentations you will be needing.However the case may be i will be needing your services to enforce and see that the debt owed is paid.
Attached is my identification document as required,also kindly send the retainer agreement for me to sign,i am willing to make the payment for the retainer fees as soon as possible.
Thank you for your assistance
How to handle a real or suspected fraud
If you have been targeted by any of these frauds, please forward any of the emails and supporting documents that you have received to [email protected]
If you suspect you are acting on a matter that might be a fraud, call LAWPRO at 1-800-410-1013 (416-598-5899). We will talk you through the common fraud scenarios we are seeing and help you spot red flags that may indicate you are being duped. This will help you ask appropriate questions of your client to determine if the matter is legitimate or not. If the matter you are acting on turns out to be a fraud and there is a potential claim, we will work with you to prevent the fraud and minimize potential claims costs.
If you have been successfully duped, please immediately notify LAWPRO as there may be a claim against you.
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Fraud Fact SheetMore fraud prevention information and resources are available on the practicePRO Fraud page, including the Fraud Fact Sheet, a handy reference for lawyers and law firm staff that describes the common frauds and the red flags that can help identify them.