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Thread: Beware of China Diversionary Payment Scheme If You Trade/Import With China...

  1. #1
    Seattle is offline Member
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    Aug 2013
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    Beware of China Diversionary Payment Scheme If You Trade/Import With China...

    Long story short... If you advertise as a international trader or buyer from China, your email will get hacked to get names of your sources and the people you deal with. The Perps will figure out our billing and payment cycles from the invoices and emails. About 3 days before a payment is due you will be called or get an email that "due to a new tax law we want all new payments sent to their Hong Kong account" where they have set up an account at the same bank chain in the same corporate name as on the mainland. The bankers will not know any different because HK has it's own corporate registration and business license system.

    Your bank will not notice anything suspicious and they will transfer you payment of $58,000 for all the toys or clothes you bought to the new HK account. You probably won't find out about it for 2-4 weeks until your mainland seller asks why your payment is late. China Scam Patrol has listed over 15,000 accounts used to do this but these accounts are only used on 5-6 customers and then drained and abandoned. See http://chinascampatrol.wordpress.com and scroll down.

  2. #2
    Join Date
    Jun 2013
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    Re: Beware of China Diversionary Payment Scheme If You Trade/Import With China...

    Very clever. I'll bet this scam makes millions every week. I will never underestimate the Chinese again.

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