Business debt collection scam by Jackson Lawre
Date First Reported: March 2013
Primary Name Associated: Jackson Lawre
Description of Potential Fraud:
An Ontario lawyer and one in Texas have notified us that they’ve received an email from the purported Jackson Lawre 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: Jackson Lawre
Date: Sat, Mar 23, 2013 at 6:33 AM
Subject: Hello Counsel
I am inquiring about the possibility of your firm representing me in the litigation of a breach of loan payment agreement. If this falls within the scope of your practice get back to me so that I can send the copies of our agreements and more information.
A lawyer who replied got this response and fake documentation:
Thanks for your prompt response.Below is the name of the borrower for your conflicts check:
The Borrower is someone I have known for a few years and we have done business in the past without any issues.He has only paid $45,000 out of a total ($615,000) the balance is still outstanding till this day. I am in constant contact with him and even though he has promised to pay the balance, I think the threat or possibility of litigation would serve as a catalyst to make him pay sooner rather than later.
I am prepared to pay a reasonable retainer or collection costs for this service as soon as I get an engagement letter from your firm. I expect this to be a non-litigation collection from the borrower but I am prepared to litigate this matter if Mr.Benson is not ready to pay the balance owed on the loan agreement.
I have attached to this mail a pdf version of the loan agreement promissory note for your perusal.Please send me a copy engagement letter so that we can proceed with this issue with Mr.Benson. I want to also let you know that as a owner of a small business,this loan that I gave to him has caused considerable strain on my operational capital.Below is a break down on the loan capital and part payment he has made so far with the outstanding balance.
Amount Borrowed- $615,000.00
Date – 14/september/2012
Interest rate- 7.75 a year
Amount Paid From Capital-$45,000.00
Date Of Part Payment- June/14/2012
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]
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