Everyone Is Vulnerable!
A Virginia Law Firm and a Bank reached a settlement last month in which they shared (details are not
public) a loss of roughly $270,000. The Law Firm was duped by a business client in what turned out to be a scam.
The Law Firm was contacted by someone claiming to be a seller of construction equipment overseas. The Law Firm agreed to assist in the sale of a large piece of construction equipment.
The Law Firm attempted to exercise due diligence in investigating the seller. The seller claimed to be employed by a foreign importer and trader in construction equipment. The sale was to be made to a rental company in a nearby town. [Read more…]