The Royal Cayman Islands Police Service is warning jewellery store owners and managers to be on the look out for a new scam targeting the Cayman Islands.
A number of local stores have reported being contacted by people claiming to be looking to purchase expensive watches in the $25,000 range. The scammers ask that the purchase be spread over five or six credit cards. Some of the transactions will go through, some may be declined. The scammers may even fax passport photos, signatures and copies of the credit cards bearing their name to the jewellery store to try and prove that they are genuine.
Detectives from the Financial Crime Unit have found out that the card numbers being given have been stolen and fake cards have been made, using the stolen details.
Detective Constable Sherry Francella from the FCU said local store managers have been extremely vigilant to the scam so far and have even sent empty boxes to the scammers in an attempt to get them caught.
‘It appears this scam is originating from London and it is hoped that by sending the empty boxes police in the UK will be able to identify the offenders,’ she said. ‘We encourage all store managers and owners to be on the look out for these types of scams. If you are suspicious, contact the Financial Crime Unit.’
Anyone wanting to report suspicious transactions can contact the Financial Crime Unit on 949-8797.
Anyone with information about a crime taking place in the Cayman Islands should contact their local police station or Crime Stoppers on 800-8477 (TIPS). Anyone calling Crime Stoppers can remain anonymous, and be eligible for a reward of up to $1,000, should their information lead to an arrest or recovery of property or drugs.