Sunday, September 11, 2005

Like Money in My Pocket (Well, not really, but it is better than losing $250,000)

So here is the intermediary comes to us with a deal. His client has 2500 brand name laptop computers (for which he claims the client had already paid about $1.8 million for) sitting in a bonded warehouse for which he needs about $250,000 for about 60 to 90 days in order to pay the taxes and get them out of bond.

The intermediary reports that his client has one customer who is purchasing all of the computers once they are out of bond.

The deal sounds fishy to us, so in addition to our usual documentation, we ask for a list of all of the serial numbers for the machines as well as a certificate from the manufacturer stating that this particular person is a duly authorized reseller of this brand of computers in this particular geographic area.

This sort of volume of computers do not just fall into your typically involves fraud, phony documentation and some other un-nice acts.

Poof!........never hear back magic.

So we speak with the Canadian in house counsel for this computer company and tell him the situation. We give him the model number and he tells us the retail value of the computers is in the area of $8 million. Obviously we know this is a set up to remove a quarter million dollars from our company.

A few days later the computer company calls back................the deal (scam) was being run by some recently released convict out of a boarding house in a city in eastern Canada. The intermediary was unaware that the deal was bogus, but having said that, I don't think that I will hear from him again, considering this was the second fishy deal that originated from him.

At some point, you start to look at everyone with a suspicious eye.

So what is the moral of this story..........drill down baby...........drill down.


Anonymous Anonymous said...

Obviously those were not Apple Mac laptops. Mac people are not scammers!!

3:12 PM  
Blogger Josh Kerbel said...

No, they only use the Macs to create the phony documentation

4:41 PM  

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