Supplier Scam
Supplier scams involve fraudsters posing as legitimate suppliers to deceive businesses or individuals into making payments for goods or services that are never delivered.
How is a Supplier Scam Executed
1. Fake Supplier Websites
Scammers create professional-looking websites and pose as legitimate suppliers offering in-demand goods or services.
Victims place orders and make payments, but the goods or services are never delivered.
2. Impersonation of Established Suppliers
Scammers impersonate well-known suppliers or reputable businesses, using their established reputation to gain trust.
Victims may be more likely to make payments, believing they are dealing with a trusted supplier.
3. Non-Delivery of Goods or Services
After payments are made, scammers do not deliver the promised goods or services. Victims are left with financial losses and no recourse.
What to Look Out For
Verify the legitimacy of suppliers by checking reviews, contacting them directly, and ensuring they have a physical address.
How to Protect Yourself
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Verify Supplier Legitimacy
Verify the legitimacy of suppliers by checking reviews, contacting them directly, and ensuring they have a physical address.
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Use Reputable Platforms
Use reputable e-commerce platforms or established suppliers to reduce the risk of falling victim to fraudulent activities.
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Be Cautious with Upfront Payments
Exercise caution when making upfront payments. Consider using secure payment methods and only pay upon delivery of goods or services.