Fraud perpetrators hijack or set up an apparently legitimate business with the intention of defrauding both with its suppliers and customers. Those fraud perpetrators are happy to deal in any goods or services that have a market value, preferably those that are not traceable and easily disposable, for example electrical goods, toys, wines and spirits, confectionery etc.

Long firm fraud

Your company has developed a beneficial relationship with a company that has a good reputation and credit history. This company places lots of small orders with your company, playing promptly. At that moment, you trust this company as a supplier. This company however, changes its activity and starts making such larger orders with your company. You supply your good. This company however, disappears without paying you and sells the goods on.

Short firm fraud

Your company supplies to a company which has only operated for a short time. If it is a private company with limited liability, it will often have filed several sets of false accounts and director appointments at the Chamber of Commerce within a short space of time. This company may also provide false trade references to make itself appear credit worthy. This company will have nog day-to-ay trading activity. It will use credit to obtain goods form your company that are delivered to third-party addresses. Again this company will disappear without paying you and will sell the goods on for cash.

BAS A.S. VAN LEEUWEN, ATTORNEY

MR. BAS A.S. VAN LEEUWEN (LL.M., ESQ.), attorney at law, assists clients with criminal matters, administrative supervision and enforcement cases, and internal and external investigations. Cases involving accusations of fraud, bribery, money laundering, corruption or violations, financial mismanagement, of international sanctions seriously disrupt a client’s operations and damage their reputation. At a client’s request, MR. BAS A.S. VAN LEEUWEN (LL.M., ESQ.) can conduct internal investigations, advice, litigate and negotiate with regulators and the Public Prosecution Service. The attorney delivers swift solutions that address the underlying problems for urgent matters. Sometimes, his clients are injured by non-compliant conduct; sometimes they find themselves accused of the same.