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Bookmark | Report 2017-04-10 12:03   Visits: 15   Replies: 0

Trade Alert: Scammer Using O/A Payment to Phish Suppliers

Disclaimer: Gilbane Building Company mentioned in this article is a VICTIM of the scamming activity. They are NOT involved in scammer's fraudulent trading attempt. The scammer used this company information and cloned their website to do phishing scams. The scammer's only identifiable information is his/her phone/WhatsApp number: +1 (518) 777-6827.
 
Phishing scammers are getting more and more professional in their fraudulent activities. They seem to be getting smarter in disguising themselves to hunt their prey. In summary: 1) the scammer makes use of highly deceitful imitation of reputed buyer information. In this case Gilbane Building Company was unfortunately chosen to be their disguise. 2) the scammer has some knowledge with the industry in which his/her prey suppliers are involved. 3) the scammer uses open account (O/A) payment to phish suppliers.
 
Let's how the scammer made his attempt to scam the supplier.
 
Making a preliminary offer in a professional tone
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LED SAVING LIGHT BULBS
 
Gilbane Building company need the following LED saving bulbs from your company.
 
LED 3watts  B22 6500K  20ft container
LED 5watts  B22 6500K  40ft container
LED 7watts  B22 6500K  40ft container
LED 9Watts  B22 6500K  20ft container
 
 
LED 3watts E27 6500K   510ctns of 100pcs
LED 5watts E27 6500K   510ctns of 100pcs
LED 7watts E27 6500K   510ctns of 100pcs
LED 9Watts E27 6500K   510ctns of 100pcs
 
LED 3watts E27 2700K   255ctns of 100pcs
LED 5watts E27 2700K   255ctns of 100pcs
LED 7watts E27 2700K   255ctns of 100pcs
LED 9Watts E27 2700K   255ctns of 100pcs
 
 
If you have the above listed, kindly let us know the following.
 
a) What is the availability-(stock)?
b) If no stock , what is the lead time?
c) What is your Favorable or competitive price FOB nearest port?
d) what is your packing details?
 
Waiting for the offer
Thank you
Best regards
Theodore Gilbane
 
GILBANE BUILDING COMPANY
7 Jackson Walkway
Providence, RI 02903
United States
Tel: +1 (518) 777-6827
info@gilbanecos.com
www.gilbanecos.com
**************************************
Comment: Fake contact name, domain and email account. The domain for Gilbane Building Company should be gilbaneco.com. The scammer registered a highly imitated domain gilbanecoS.com and cloned the legitimate Gilbane website.
 
 
Attempting to persuade the supplier to accept full O/A with meticulously attuned message
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We badly need the order and willing to pay 100% t/t of the proforma invoice total value few days after arrival of goods. GILBANE BUILDING COMPANY need a credit facility supported and guaranteed by your company or your Insurance company.
 
Credit on an open account transaction is okay since we currently experience insufficient cash flow and cost prevailing in the economy, thus requesting and need a credit of this first order as per Invoice.
 
So many payment terms and different ways of transacting business prevailing internationally. Thus your role now is to discuss this business with your managers and CEO to see on how we can conduct this order and to apply for an insurance credit cover of the order with insurance company from china or your government and or with Sinosure Insurance company to cover the order and if they guarantee you then we transact business.
 
O/A is a recognized international payment term of payment and transaction of business. Don't worry apply for an insurance credit cover of the order with insurance company from china or your government and or with Sinosure Insurance company, and your insurance company will make solid research about our company to assess and verify if we are creditworthy for the order, after they guarantee the order then we do business.
 
Please be informed that we are a reputed company for so many years and since then we have no any bad credit record. GILBANE BUILDING COMPANY, has assets worthy Billion dollars and transact business internationally and must pay 100% T/T (bank to bank transfer) after arrival of goods in few agreed days but a cash flow split second crisis which we would not wish to have any blockages in the delivery cycle caused by temporary lack of cash flow.
 
So we ask you to apply for a credit of this first small order with insurance company from China or your China government and or with Sinosure Insurance company. They will check our company if we are credit worthy and then will guarantee you to transact business with us and make shipment, or Stop you right away if we are not Creditworthy.
 
Thus apply for an insurance credit cover of the order with  insurance company from china or your government and or  with Sinosure Insurance company, and  your insurance company will make solid research  about our company to assess and verify if we are creditworthy for the order for the proceedings.
 
Please be reminded that we can per now only work with open accounts terms with insurance credit coverage of this order though we urgently need it.
 
Waiting for your soonest response
Thank you
Best regards
Theodore Gilbane
 
GILBANE BUILDING COMPANY
7 Jackson Walkway
Providence, Rhode 02903
United States
Tel: +1 (518) 777-6827
www.gilbanecos.com
**************************************
Comment: The scammer tried to persuade the supplier that his/her company is reliable and urged the supplier to apply for a credit from Sinosure Insurance Company. The scammer provided the legitimate information of Gilbane Building Company, including company registration number, Data Universal Number (DUNS), Taxpayer Identification Number (TIN) and other authentic buyer information. Obviously Sinosure Insurance Company has no reason to reject a credit application for transaction with such a reputed buyer. BUT the scammer is not affiliated with Gilbane Building Company, he/she utilized the company's credit details just to make the supplier more convinced of his/her phishing attempt. If the supplier accepts the O/A term, the scammer will be more likely to issue a fake PO with a delivery destination in favor of his/her phishing action.
 
The story did not continue. The supplier insisted that the scammer to make partial deposit in this order. They spotted the scammer's phishing attempt from the beginning as they found the scammer was using a fake email account and the scammer did not look like a legitimate buyer when the business communication reached to a certain level.
 
 
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