Business loan collection scam by Raymond Ackley
Date First Reported: August 2013
Primary Name Associated: Raymond Ackley
Description of Potential Fraud:
[Updated June 2014]
Twenty lawyers from across Canada notified us that they received an email from the purported Raymond Ackley 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 to the lawyer’s intake site, and subsequent reply:
From: [email protected]
I went through your profile and i believe you will be able to help me. I borrowed money to my in-law who has paid me only 20 percent of the money and has refused to pay me the balance so I want legal action to be taken. Your urgent assistance will be highly appreciated. You can contact me via this email address: [email protected] Mr.Raymond Ackley
Replying to the email brought this response and fake documentation:
Sorry for the delay in responding to your mail, its as a result of my failing health.
I lent my son In-law Mr Paul Nathaniel the sum of $570,000 which he promised to pay back but has only
paid $114,000 and has continued promising to make the balance payment each time i ask. I am based
in Japan but currently receiving treatment in the UK.
Attached is a copy of the loan agreement entered by both party.
I will deeply appreciate if you can assist me as i need
the money to settle a lot of bills including medical bills.
Also kindly let me know how much it will cost me.
Hope to hear from you.
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.