FRAUDULENT SCHEME ALERT!

BY VINCENT E. I. 

I could still remember that fateful day; earlier on that day, Mrs Patricia Marshal had entered the banking hall cheerfully and made some cash deposits. Not quite long she left, she ran back inside the banking hall crying and shouting: ‘Block his account! Block his account!!’

At first, we thought it was a lunatic that probably missed her road because she shouted on top of her voice. But as I looked up, I saw an average height pretty looking lady. She was so exasperated that she did not notice her wig had fallen at the staircase. Her panting was so heavy that it took me some time to calm her down and heard her out.

Then I continued: ‘Madam, please, may we know why you are panting?’ She narrated how ‘someone’ called her on phone and described a ‘juicy’ business proposal to her. The proposal was too good to be true!

The proposal was about sending some goods that was supposed to be worth a little above $6000. The caller asked her to send just $1000 as the final payment, that they would ship the goods to her. Wow! The lady exclaimed and calculated her profit and forgot she barely knew the caller. Alas! She made the deposit in the man’s account!

After some minutes of receiving the cash, the man stopped picking her calls and switched off his phone. He went blank in toto!!!

That was when it dawned on her that the caller was a fraudster. She rushed to the bank to ‘block’ the man’s account but unfortunately, the man was faster- he’d already withdrawn the money.

But does the bank ‘block’ customers’ account on a third party’s instruction? Or was the man nabbed? Well that is a story for another day.

That was how the elegant looking lady lost $1000 within 20 minutes.

From her expression, she seemed educated and sophisticated, but yet she fell for that decoy. Their offers are usually too enticing to resist. This is just a story, out of many, I handled in the banking industry as a relationship officer. It is true that some people had made a fortune through this kind of lucrative offers. Some could either be a miracle while some are omission, but these are how you could differentiate between the real and fake proxy business offers:

  • STAMMERING

Once you pick their call and the person mentions your full name, don’t be carried away. Ask him to introduce himself. If the name doesn’t ring a bell, go further to ask how he got your contact. At that point, he might start stammering. Once he starts stammering or making random description, that’s a red flag.

  • ACCOUNT DETAILS

 Most fraudsters rarely use a corporate account details to execute their schemes. So, anytime they approach you with their lofty business proposal, request for a corporate account for any cash transaction. They usually withdraw once you request for a corporate account details.

  • SOURCE OF SUPPLY

 After narrating the proposal to you, always inquire about the source of the supplies. Try to ascertain his job position in the company. Take note of his job description, most fraudsters do not enumerate their job description in the company. The only give you random descriptions. Once he starts talking randomly, that’s a red flag.

  • GIGANTIC BUSINESS PROPOSAL

Just like the lady’s case above, the total cost of the consignment was supposed to be a little above $6000, but the fraudster asked her to pay just $1000. That’s a difference of $5000! Are you kidding me??!! That’s quite juicy!!!

She was either blinded by her greed or naiveness hence she didn’t see the fraudulent undertone.

So when you hear their proposal, no matter how juicy it might seem, always study it carefully before making payment.

  • AMBIENCE

Most fraudsters are always impatient. When you ask them questions, study their reactions, most of them don’t like too much questions. They become defensive or aggressive when their potential preys ask many questions. That’s another pointer.

Above all, the golden rule and the best guide still remains to drop the call or conversation if you are not convinced or nursing a doubt about any JUICY business proposal.

Always be smart enough to beat them at their game!

Follow us:

Vincent Iheke

About the writer:

He is an entrepreneur, a boundary breaker and positive minded, the CEO of Hekstina Trailblazers NG and a former banker.

IG- @vincent_iheke; Twitter @vincent_iheke

Comments (21)
Rosy
July 26, 2018

Wow!!!!
I read it word to word.
An eye opener.
Very educative.

Reply
    admin
    July 26, 2018

    Thanks a lot madam Roseline

    Reply
Kach Joseph
July 26, 2018

Hmmm.. Thank you so much for this.. An eye opener.
Thank you

Reply
    admin
    July 26, 2018

    Thanks Mr Joseph

    Reply
HENSCHEL
July 26, 2018

I suggest that the above piece should have a wider publicity. Greater awareness campaign should be launched because above scenario is a reoccurring decimal.
Thanks for the preventive techniques outlined to forestall future occurrence.

A lot of people are either naive or greedy, hence their being caught by those fraudsters.

Thank you Vin.

Reply
    admin
    July 26, 2018

    Thanks Mr Henschel for your comment

    Reply
Godwin
July 26, 2018

Nice piece bro. An eye opener from a genius to prevent people from being caught in the web. Bravo! Mr. Vin..

Reply
    admin
    July 27, 2018

    Thanks for reading through sir

    Reply
Vivian
July 27, 2018

Nice write up. Well done

Reply
    admin
    July 27, 2018

    Thanks for reading through dear

    Reply
Hektor
July 27, 2018

I remember I had same experience sometimes back, I almost fell for the fraud, thank God I was so excited to share the testimony to a senior colleague at work, who advised me against it. Thou the fraudsters mentioned to me not share the business with someone that some people will be jealous about me because it supposed to be a mega money profit deal. So after my senior colleague told me what to do so that I can get prove the deal was fraud, I did exactly as he said, and at the end he was right.
So is a good thing to create awareness for this fraudulent activities… Thanks Mr writer.

Reply
    admin
    July 27, 2018

    Really thanks for sharing your story, maybe we will use it someday. Thanks for reading through

    Reply
Stanley Stephen
July 27, 2018

Wow, what a great article by admin. Thanks for the info

Reply
    admin
    July 27, 2018

    Thanks for reading through Mr Stanley

    Reply
Akuicee
July 27, 2018

Good piece Mr Writer. It’s indeed an eye opener.

Reply
    admin
    July 28, 2018

    Thanks for reading through

    Reply
Marcel Blessing C.
July 28, 2018

This is lovely, thank you sir. Exactly the way they came after my graduation last year September but I outsmarted them. Once again, thank you sir.

Reply
    admin
    July 28, 2018

    Thanks for reading through dear

    Reply
uzy
July 28, 2018

very nice bro. everyone really need to be wise in this country.

Reply
    admin
    July 28, 2018

    Thanks for reading through dear

    Reply
Bright Onwuchekwa
November 1, 2018

This is Educative and informative. I recommend a wide range of publicity for this article and more of its likes. Even the exposed can still be bamboozled my these fraudulent elements. Keep it up Vin. I’ve always known you for excellence!

Reply
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