Commercial debt collection scam using the names Chong Hang Yip and Hang Yip Metal Co
Date First Reported: February 2017
Primary Name Associated: Chong Hang Yip
Description of Potential Fraud:
Three firms in Ontario and the U.S. have notified us that they received an email from the purported Mark Chan looking to retain them with regards to a commercial debt collection.
This appears to be a bad cheque scam that presents as legal matter (with a real company likely being impersonated) 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 purchaser (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 email received by the lawyers after the initial contact:
From: Chong Hang Yip [email protected]
Date: February 13, 2017 at 13:04:50 EST
We would like to retain your firm to review a proposed transaction
contract agreement. For acquisitions or purchase of businesses and
creation of contracts for acquisition (merger and general corporate
matters, insurance transactions and to perform a broad range of
corporate governance and insurance code work and civil
NOTE: Please do endeavour to send all reply to ([email protected])
Hang Yip Metal Co Ltd
G/F, 166 Wong Ka Wai, Kau Hui, Tuen Mun
New Territories, Hong Kong
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]. We use this information for the warnings we post on AvoidAClaim. We do not disclose the names of firms that have provided us with information.
Ontario Lawyers - Call LAWPRO
If you are an Ontario lawyer acting on a matter that you suspect might be a fraud, call LAWPRO at 1-800-410-1013 (416-598-5899). One of our Fraud Team members 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, we will work with you to prevent the fraud and minimize potential claims costs.
What can you do to help put a stop to the fraud attempt?
You can simply stop replying to the fraudster’s emails or inform them that you suspect fraud and will not act on the matter. You can report the fraudsters’ email addresses to the email hosting company. If you have a fraudulent cheque you can destroy it or send it to the fraud department of the financial institution it is drawn upon. In Canada, you can report the fraud to the Canadian Anti-Fraud Centre.
We are often asked if it is worthwhile to report the fraud attempt to the police in the hopes of helping catch the fraudsters. You can certainly report the fraud to your local or federal law enforcement agencies, but unfortunately it is often difficult, expensive and time consuming for them to attempt to shut down these online fraud perpetrators (though there are some successes).
What if the fraud has been successful?
If you have been successfully duped, please immediately notify LAWPRO as there may be a claim against you. See the LAWPRO website for instructions on how to report a claim.
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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. To proactively prevent trust account shortfalls and malpractice claims, LAWPRO encourages firms to teach their lawyers and staff about fraud and how to recognize fraud attempts.
June 24, 2019 at 3:54 pm, Amy McHenry said:
It looks like they are branching out.
Jun 12, 2019, 10:58 AM (12 days ago)
Our company Chong Yip Finance Ltd reviewed your profile on LinkedIn your experience makes you a great fit for us as Account Receivable agent in your region.Part time job with a salary of $4,900 monthly and 5% commission.Let me know if interested for more details