Fraudsters are now apparently targeting Cayman Islands law firms in attempts to obtain hundreds of thousands of dollars illegally, according to the Royal Cayman Islands Police Service..
Detective Chief Inspector Claudia Brady of the RCIPS Financial Crime Unit said those in the law profession should be on the lookout for suspicious communication from people posing as overseas clients.
“So far one law firm has fallen victim to the scam,” Chief Inspector Brady said.
“But we are aware that other firms are being targeted. That’s why people need to be extra vigilant.
“People posing as overseas clients are contacting law firms claiming that they want to retain their services.
They say that they want the law firm to act on their behalf to collect a debt from someone living on island.
“A short time after the law firm accepts the work the ‘debtor’ pays up – sending the law firm a high value US dollar check.
It’s at that point the ‘client’ asks for the money to be transferred to their overseas account.
When the ‘debtor’s’ check reaches the clearing bank, it is found to be fraudulent and the law firm is hundreds of thousands of dollars out of pocket.”
Anyone who believes that they have been contacted by these scammers, or who has fallen victim to this crime, should contact the Financial Crime Unit at 949-8797.