Business debt collection scam by Yasushi Akao
Date First Reported: September 2012
Primary Name Associated: Yasushi Akao
Description of Potential Fraud:
Seven Ontario lawyers have notified us that they’ve received an email from the purported Yasushi Akao looking to retain them with regards to a breach of a business loan agreement. This is similar to other frauds of this kind we have seen. For a full description of how this fraud works and to see other names attached to it, see our Confirmed Fraud page that deals with business loan frauds.
Here is the email:
From: Yasushi Akao [mailto:[email protected]]
Sent: Friday, September 07, 2012 12:32 PM
To: lawyer name
Subject: Cass, Peter H.
I need a Business/Commercial litigation lawyer who can handle a
collection issue. Please let me know if you can be of assistance to me
or If not a referral could be helpful,Thanks and i await your mail.
A lawyer who replied got this response:
Thanks so much for the mail.
I am Yasushi Akao, soliciting your representation on behalf of Renesas Electronics Corporation. We need your counsel in litigation to collect a debt owed in the amount of $1,400.000.00USD by a delinquent seller in your region. We prefer to established Our presence in your state via a legal representative, Thereby forcing the seller to comply with
payment request as effort made for refund has proven to be abortive.
Below is the location of the delinquent seller for you to run a conflict check, Please send me your retainer agreement for my review thereafter.
413 Queen St
Midland, ON L4R 3H9, Canada
We ordered for Machines equipment worth $2,800,000.00 USD, of which 50 percent of the funds was demanded before delivery. Payment to the seller was made in August of 2011 and calculation shows that delivery Mayve three Months late, The regular purchase agreement requires seller to effect goods not later than 60 days upon payment or legal
action may be enforced if delivery delay exceeds 90 days.
Up to date we have not gotten any of the machinery equipment, this is why we want back the funds so we can make a new other form a better company because of this the company has really run lost and still ruining lost.
I will forward you supporting documents i.e., proof of payment, sales invoice and wire transfer slip once your retainer agreement is signed.
I look forward to your prompt response and your retainer agreement.
Renesas Electronics Corporation
Shinbori,Saitama Ken, Japan.
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.
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