Investigating scams

Let us be honest: most people in PPE have been scammed at least once either by fake sellers or completely incompetent middlemen. We have been scammed too, there is no shame in it, but we have worked out or own methods to avoid fraud, and it works very well: in most cases we can even spot a scam before any document has been submitted by any party. As the old saying goes: fool me once, shame on you, fool me twice, shame on me.

How we spot fraud

Usually by reading, listening, and asking the right questions. For example, did you know that in 8 out of 10 cases a fraudulent offer can be spotted just by reading the SOP very carefully? It is true – if you watch closely, you can see that the procedure of scams usually contain common patterns like providing a Bank Confirmation Letter upfront, or using law offices and banks in offshore countries.

After discovering this, we worked out or own methods, how we can easily validate other parties in the industry. This includes checking the background and financial records, conducting search on the ownership and management, analyzing documents and SOPs, or simply asking them about these tiny inconsistencies mentioned before. And it works.

If you are unsure about an offer you received, or you feel that something fishy is going on with your order, contact us today for a free consultation.

 

Please keep in mind that Radzeer Kft. d/b/a PPE Consultants gives advice based on their own experiences and information, and are therefore not to be held responsible for any damage or loss that may arise under any circumstances.

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