Business loan collection scam using the name Ronald Morris
Date First Reported: February 2016
Primary Name Associated: Ronald Morris
Description of Potential Fraud:
Twenty four firms in Ontario (and a few elsewhere in Canada) notified us that they received an email from the purported Ronald Morris 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 to the lawyer:
—- Message from “Ronald Morris” [email protected] on Thu, 11 Feb 2016 16:00:41 -0500 —–
Subject: Default Agreement
I am inquiring about the availability of your firm in helping me to recover my funds for a default loan agreement.
Kindly advise if your firm can be of any assistance at your earliest convenience, so i can send you related documents.
Replying to the email brought this response:
Thanks for your email.
The total amount with interest is $869,076.00
The name the individual that owes me the funds is Sean Blackwell.
Thanks for your time and effort.
Waiting to hear from you.