Commercial debt collection scam by Val Daniels and Kenneth Saxe of Master-Cut Tool Company
Date First Reported: March 2013
Primary Name Associated: Val Daniels
Description of Potential Fraud:
Lawyers in New Jersey and Florida have notified us that they have received an email from the purported Val Daniels and Kenneth Sax of Master-Cut Tool Company with regards to a commercial debt litigation scam. For examples of other names attached to this kind of fraud see our Confirmed Fraud Page. For an explanation of how this fraud works see our Fraud Fact Sheet.
Here is the initial email:
From: MASTER-CUT TOOL [mailto:[email protected]]
Sent: Tuesday, March 26, 2013 1:31 PM
We request your legal services and possible representation on a litigation matter involving Master-Cut Tool Company and a client in your jurisdiction. Please,do let me know if your office is currently accepting new clients.I look forward to a prompt response from you.
Thank you very much.
Master-Cut Tool Company
30440 Industrial Road
Livonia, MI 48150.
A lawyer who replied got this response from “Kenneth Saxe”:
Thank you for your prompt response to our email. We are
currently facing severe pressure from our Supplier to pay up the balance funds
that we owe to them.This debt is as a result of an outstanding payment of
$398,750.00 for goods delivered in good condition to our client,Kurt
Manufacturing Company, Inc.32500 Excellence Avenue Pueblo, CO 81001. Due date
for payment as stated in our Supplier’s invoice was March 22, 2013.
carry out a conflict check on my debtor and also let me know about your fee
structure and rates.
We will like to draw your attention to the relationship
with our customer which has been cordial and we have had successful business
relationship over the past few years,and it is in our position to maintain this
relationship after collection of the outstanding sum owed to us.
hesitate to call me if you have any questions.
I look forward to a timely
response from you.
30440 Industrial Road
Livonia, MI 48150
Fax:734 943 6040
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.