Local Businesses and Organisations Warned of Scam

Cleveland Police are warning local businesses and organisations after an increase in the number of reports of invoice diversion fraud.

Invoice diversion fraud is when a letter, fax or email is sent to a business or organisation informing them of a change in the bank account details of a legitimate supplier. When the next payment is due, money is paid into a fraudulently opened account instead of the legitimate supplier’s bank account.

Detective Inspector Dave Turnbull, of Cleveland Police Economic Crime Unit, said: “It is important that whenever such a letter, fax or email is received that the recipient checks with the supplier to confirm its authenticity. In the cases that have been reported recently, the fraudulently obtained funds have been transferred overseas, making the investigation difficult. Failure to take this simple measure may result in a substantial irrecoverable financial loss.”

Share this page