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Confidence trickster hits businesses with bogus manager’s cheques

Feb 24, 2009 News

A confidence trickster is defrauding many big businesses by obtaining credit on bogus manager’s cheques and disappearing into thin air.
The scheme began a few weeks ago when, according to reports, the trickster would seek credit on the promise that he would pay with a manager’s cheque.
The modus operandi is that the perpetrator would make a call to the business place from a telephone number which is blocked.  He would then place an order for high-priced goods, indicating that payment will be made by a manager’s cheque.
The confidence trickster also enquires in whose name the cheque should be made out and the total cost of the order.
Friday is the day of choice since the banks often close at 14:30 hours and remain closed until Monday, if that Monday is not a holiday.
The perpetrator then hires a vehicle to uplift the goods, taking care to send the cheque with someone who may be innocent of the scheme.
The trucks that are hired to uplift the goods are also unwitting players, since the driver is paid to transport the goods to a private location.
In one case the goods were transferred to the Square of the Revolution, where the goods were then loaded onto another truck which had false number plates, as is invariably the case, as one businessman found out recently.
By the time the fraud is discovered on the first day the bank reopens the trickster and goods have long disappeared.
The police recently traced one of the trucks used to uplift the goods, and learnt that the driver was hired legitimately. The second truck could not be traced.
The police noticed that this has been happening for some time, and that there has been an increase in the number of such incidents recently, with some five reports received within the past two weeks.

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