Business Loan Fraud
In business loan fraud scams, a lawyer is contacted to help an overseas lender collect on a business debt from a purported borrower in the lawyer’s jurisdiction. The fraudster will provide documentation about the loan. A retainer agreement will be signed, but the fraudster will delay in paying the retainer fee. Instead, the lawyer will be asked to deduct any fees from the debt payment.
When the lawyer has sent a demand letter (or sometimes, before any letter has been sent) a cheque will arrive. The lawyer will be asked to deposit the cheque in the trust account and wire the balance (after fees are deducted) to an overseas account. Of course, the cheque is fraudulent and the lawyer will be left with a shortfall in the trust account.
Below is a list of names associated with this type of fraud.
Ackley, Raymond Date First Reported: August 2013
Adrian, Bowen Date First Reported: December 2017
Agius, Paul Date First Reported: August 2012
Berube, Caroline Date First Reported: October 2013
Blanchard, Denis Date First Reported: November 2013
Brooks, William Date First Reported: July 2018
Burnham, Martha Date First Reported: July 2014
Butler, Palila Date First Reported: May 2017
Caraballo, Shawn Date First Reported: October 2013
Chang, Zhang Date First Reported: February 2019
Chen, Zeng Date First Reported: January 2014
Cheng, Xue Date First Reported: November 2013
Chung, Bruce Date First Reported: March 2016
Cornell, Mathew Date First Reported: March 2012
Dan, Albert Date First Reported: April 2014
Dean, Kenneth Date First Reported: August 2013
Den Broek, Van Date First Reported: February 2016
Dusana, Francis Date First Reported: July 2012
Dustin, Burton Date First Reported: March 2016
Eriksson, Anna Date First Reported: May 2012
Fang, Gan Date First Reported: March 2016
Farley, Dale Date First Reported: January 2015
Fischer, Hannah Date First Reported: June 2016
Green, Lachi Date First Reported: September 2014
Harrison, Alana Date First Reported: October 2013
Hawkins, Tamara Date First Reported: July 2014
Hernandez, Maria Date First Reported: November 2013
Hillary, Wessler Date First Reported: October 2013
Hsiang, Hsieh Date First Reported: September 2016
Huang, Weiman Date First Reported: September 2015
Hubert, Bertram Date First Reported: October 2014
Joseph, Bennett Date First Reported: June 2018
Kapoor, Michael Date First Reported: April 2015
Kimchi, Nai Chi Date First Reported: October 2014
Kimura, Yaichi Date First Reported: December 2013
Lee, Johnny Date First Reported: July 2014
Lopez , Rosalie Date First Reported: August 2013
Mark, Ishiba Date First Reported: January 2015
Mills, Erica Date First Reported: September 2014
Morris, Ronald Date First Reported: February 2016
Oddval, Benard Date First Reported: August 2013
Odom, David Date First Reported: May 2017
Parker, Barrie Date First Reported: November 2013
Phillips, Morgan Date First Reported: August 2014
Pho Lee, Frank Date First Reported: May 2016
Polase, Helen Date First Reported: August 2013
Richard, John Date First Reported: September 2015
Ronney, Steven Date First Reported: October 2013
Schmucki, Heinz Date First Reported: August 2013
Simms, Natalie Date First Reported: July 2018
Smith, Jackson Date First Reported: April 2016
Switzer, Donna Date First Reported: June 2015
Wilson, Wilfred Date First Reported: September 2016
Wilson, Eddie Date First Reported: May 2014
Wood, Margaret Date First Reported: November 2013
Woon, Kim Date First Reported: June 2017
