Sunday, November 25, 2012

Scam City - Beijing With China Scam Patrol: DYI Due Diligence

Fraud and the scammers who perpetrate them have evolved drastically during the electronic age over the last 25 years. In the past, their success was determined by their bold, daring, and often dangerous methods...

These days however, the thieves have developed and refined a different skill set that provides them the safety and anonymity of the internet and depends more upon our negligence, complacency, or over-confidence. We often think, "I am not dumb enough to be swindled."  Even public companies like Yahoo and Cisco were victimized for millions. It is not about being "dumb". It is about getting caught off-guard. No matter your level of intelligence, the sly guys of China are extremely determined, persistent, and in their own words, "clever".  If they cannot get your cheese coming in the front door, they will try the back door, a window, a tunnel, or even...

The devious, starving, and determined rodents will not give up. If one gets trapped or killed, five more will take his place within a week. There are no shortage of thieves in China. Here are the undeniable statistics extrapolated from Interpol, ICC (International Chamber of Commerce), WTO (World Trade Organization), and the World Court...

*  One in every ten business transaction over $10,000 in China are scams
*  One in every twelve stock trades in China involve fraud
*  Almost 20% of all export transactions from China result in litigation
*  There are 30,000+ known professional fraudsters operating in China
*  An actual "Fraud School" has been operating in China for over three years
*  Approximately 300 frauds are perpetrated every hour in/from China
*  12% of all foreign business operating in China are swindled within a year
*  38% of all foreign companies operating in China for 5 years claim to be a victim of at least one scam
*  Less than 2% of foreigners prevail in Chinese courts against local scammers
* Although things are improving slightly, only Nigeria is home to more fraudster than China as evidenced by more than 3,000 pending laws suits at the world court

IDENTIFYING  THE  RODENTS:  Not as difficult as you might think. There are thirty thousand known scammers and they are all on a blacklist you can get for free at this this link if you are an entrepreneur or investor: 2012 China Business Blacklist   If you are a teacher working in China visit this web site China School Black List and periodically check with China Foreign Teachers Union.

IDENTIFYING  THE  60  MOST  COMMON  CHINA  SCAMS:   If you are an investor or a entrepreneur see 15 Red Flags Of A Chinese Scam If you are foreign teacher, visit here for just 5 minutes. Teacher Scams In China

PROTECTING  YOUR  CHEESE:  This is an ongoing learning process. It starts by reading weekly scam alerts at this link: Bad Apples and either attending a free seminar or getting a one hour risk management & fraud prevention briefing and vulnerability assessment by one of our volunteers. You only pay their transportation charges to and from your office or the long distance call.

HIDING  YOUR  CHEESE:  This we will not discuss details in-depth publicly since some of the rodents are bi-lingual and know their way around sites like ours and others. What we can tell you here is just the tip of the iceberg in terms of precautions:  1) Get and install a good external firewall like Barracuda or Watchguard. 2) Install a special software package we can provide to you on your network. 3) Do not keep any IP, trade secrets, banking, other sensitive data any computer connected to a network. 4) Stop using Wi-Fi in your office if you have anything really valuable to lose. 5) Never leave your cell phone nor laptop unattended or without unencrypted access outside your home. There are five other safeguards you should take to complete your security perimeter including the Installation of a special device in your office we can tell you about that is cutting edge technology, and how to weed out moles and employees who will accept a 10,000 yuan bribe without hesitation for slices of your cheese. These last five items we will save for our private consultation.

GETTING YOUR  CHEESE  BACK:  If you can stay calm and act within a year, you have better than 50% of recovering you money. It is not mission impossible as the rodents want you to believe. See Taking Your Cheese Back Without Lawyers Nor Up-Front Fees

REMOVING RODENTS  WITHIN YOUR COMPANY:  Read this article and then call us discreetly for a private conversation that can save your cheese from total consumption. Internal Threats Are Very Real & Costly

Remember - Its what you don't see that can hurt you the most

Note:  Since 2010 we have conducted over 300 vulnerability assessments in Beijing for foreign business owners and only 13 were found to be adequately safeguarding their cheese.  Is your business safe?  Find out for free.  After we leave your office, it will look like this in the eyes of the rodent predators...

Whether you are a large MNC or small business with less than 20 employees, you are a fraud target. If you really think that your business is immune from fraud, read this article and you may change your mind.Shocking true horror stories from China

China Scam Patrol is staffed by a former PI, a former federal agent, and a retired fraud squad copper. We do our job very well and whether you realize it or not, you just got a crash course on China Scam artists for free.  If you want to take it to the next level with on-site fraud prevention and risk management training for your company executives, or you want us to discreetly conduct an integrity check on your employees, just drop us a note at biz(at)  If you want to expose a suspected fraud in China, (in strict confidence) we'd also like to hear from you.  Let us show you what we can do. We guarantee our results.

If you own/operate a business in China, contact us for some free rat poison at:  and we'll show you how to discreetly find the hidden rodents in your organization.

You can choose to ignore or heed the above advice,  but if you come to work one day and get the shock of your life, remember - you were warned. 

To read all of our individual Scam Alerts, please visit this link here:
Weekly Scam Alerts

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1 comment:

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