Many New Zealanders have not woken up to the fact that we are but a bunch of ignorant and trusting villagers in a global market place just waiting to be ripped off .
Not only is it buyer beware but every one of us has to diligent as every transaction has potential for fraud and when it happens you are on your own.
One such story hit the headlines this morning . Had Jackie and Murray Marquet known the most basic due diligence techniques they would never have lost a cent.
Most people just don’t know where to start checking things out and many like the Marquet’s say ” the emails and documents they received from the fraudsters looked genuine” surprisingly that is how fraud works . It has to be good to be convincing.
In their particular case however a 5 minute due diligence would have saved them $32,000.
These are the tell tale signs
- email addresses procurement@otago-ac.net and purchasing@otagoac-nz.org
- the next clues are from the Purchase order shown to the right
bill to: University of Otago Holding Ltd
09 886 2809
accounts@otago-acc.net
NZ business number
this is what they should have done
1 09 886 2809 this is an Auckland number the university is in Otago .
2 Google Otago university note that the URL is www.otago.ac.nz. phone number 03-479 7000
3. Check the who is for otago-ac.net , otagoac-nz.org and otago-acc.net
note that both are registered to The USA and were set up in the not too recent past
respectively they are
Administrative Contact Information:
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