Saturday, December 25, 2010

Hijacked Accounts Lead to New Shipping Scam

Crooks have turned their attention to small business fraud by hijacking firms' UPS and FedEx accounts, which they then use for their own benefit, often for sending out fake advance payment checks and shipping drugs.

This means, of course, that there's no way of identifying the crooks, since the packages go out through the accounts of innocent companies.

In the case of bogus checks, the use of legitimate company accounts also helps the scammers in their efforts to convince recipients that the deal, in which they're supposed to wire money, is genuine.

Click here to read the full article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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