To all the forumer here, either seller or buyer. Here a new tactic used by a conman recently made huge losses for various parties which involved in online transaction.

It's consider of advance cyber scam/ cyber fraud which the fraudster will make benefit from this transaction and Seller and Buyer both will make losses on it.

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I am using a well-known classic example of a Conman Ng Keng Kiat ( IC.840607-14-5671 ) who wisely make use of this tactics to con several of thousand ringgit in passed few years ago.


1st: He/Conman (Ng Keng Kiat) will search for item which he want from the C2C or B2C online trading website ( Lowyat.net, lelong, eBay and etc... )

2nd: Once he found a item (for example, Digital Camera) is selling by person 'S', He will post this item to somewhere else/ others online trading website to sell it. ( But actually this item is sell from S, now he post to other website sell it like his own item )

3rd: Now Buyer 'B' who want to buy digital camera found the item posted by conman from website. Then B will contact the conman and now the conman will ask B to deposit the money to 'S' bank account.

4th: After B have deposited money to S bank account, The Conman now will collect the item (Digital Camera) from Seller 'S'. The seller definitely will give the item to conman as seller already received money ( Seller thought the money bank in from conman ).

5th: After collected the item (digital camera), conman will disappear and now buyer 'B' will look after seller 'S' for the digital camera. Seller who do not know what is happened in the middle for the transaction was innocent in this seem 'normal' transaction. This cause losses from both buyer and seller.

Lesson, Please double confirm the seller indentity before you make deposit or bank in transfer to the actual seller's account. This case happened many times with only same tactics from website I am just to alert all the seller and buyer here. ( Try google for the fraud case details )

This post has been edited by CCRIS2012: Nov 13 2011, 06:49 PM

pretty simple but effective con. thanks for the warning and sharing. i hope mod can put this as a sticky so ppl will know about this tactic which can be done so easily by anyone.

Thank you very much for reminding us. Really appreciate it.

Haiz! it's getting more and more diff to purchase online nowadays.

This is not new at all. This is ABC scam which has been practice by many conmen here. Just beware.

This post has been edited by Apis_LuaLua: Nov 13 2011, 09:40 PM

thats y apis i now only prefer to do cod. doesnt matter whether im selling or buying. safer on both parties

refer to "yeayea" concase which happen 3 years ago. some sellers involved. included me


not new tactics.

this is nothing new. This method already exist since online trading exist.

This is called third party scam or ABC scam. If not mistaken, the RnR for trading thread already mention of such thing. It's just users who are ignorant who doesn't read the RnR before jumping into online trading. But applause TS for creating this reminder for those who are new to online trading.