Business debt collection scam by Masao Kiyoshi
Date First Reported: March 2013
Primary Name Associated: Masao Kiyoshi
Description of Potential Fraud:
An Ontario lawyer has notified us that they’ve received an email from the purported Masao Kiyoshi 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:
Subject: Your Legal Services Needed!
From: MASAO KIYOSHI
I need your legal assistance. I provided a friend of mine Mr George
Edward a business loan in the amount of $350,000. He needed this loan
to complete an ongoing project he was handling in 2009. Mr George is
well based in your city and the loan was for 24 months and interest rate
of 7.85%. The capital and interest were supposed to be paid on April
15th, 2011 but Mr George has only paid $50,000.
Please let me know if this falls within the scope of your practice so
that I can provide you with the loan documents and any further
information you need to know.
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 Sheet More 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.