Vital Corporate Solutions based in Dubai has been contacted to clarify whether they are using their bank account to launder money for scammers.

Safe Or Scam will shortly be publishing a new page showing bank account names, account numbers and sort codes suspected of being involved in scams, dishonest investments or follow-on frauds.  The aim of the page will be to warn the general public that these accounts and the people behind them have been involved in dodgy schemes. The public should be very wary of paying any money into those bank accounts.

Follow-on frauds are cases where a person has been the victim of a scam and is then contacted by another organisation claiming that they have been able to sell their investment, or have buyers ready to purchase, or have taken over the investment, or have been appointed by a liquidator.  In every case they will ask the victim to pay money upfront to release funds that they claim to hold.

Money mules are people or companies who collect money on behalf of the scammers.  They act as a cut-out to prevent victims from finding out the final recipient of their funds.  They are rewarded handsomely for their role and in our view they are an integral part of the scam. This makes them fair game when they come under our spotlight.  In some cases they may be innocent parties whose details may have been cloned so we initially approach those parties in a respectful way requesting clarification.  Innocent parties are always happy to help.  Guilty parties tend not to respond and that speaks volumes.

One recent party we contacted was Vital Corporate Solutions based in Dubai.  A bank account with the following details was used in a scam we are investigating:

Bank Name:  ADCB Bank

Account Name:  Vital Corporate Solutions

Account Number: 714368348001

IBAN: AE670030000714368348001

We wrote to the owner of the company – Ms Amanda Perry.  The tone of our letter was very polite.  Here are some extracts:

“You would appear from your website to be honest people running an honest business. We are therefore contacting you on the assumption that you would genuinely wish to help a person who has been the victim of a scam”.

“Firstly, we would like to ask you to confirm that this bank account does (or did) belong to you.  It is quite possible that the party responsible has used your company name in order to throw our client off the scent.

Secondly, if the account does (or did) belong to you, please can you provide [contact details] so that we can speak with you on a strictly confidential basis”.

Ms Perry did not respond to our email.  We sent a second email.  Here are some extracts:

Dear Ms Perry,

The answer to my enquiry is very simple. It is “Yes, that is (was) our bank account” or “No, that is not (was not) our bank account”.

….we take a simplistic view of situation like this.  You are either supporting the victims or you are supporting the fraudsters”.

Ms Perry did not respond to our second email so we assume she has taken the decision to support the fraudsters.

We sent her a third email.  Here are some extracts:

“Dear Ms Perry,

On the basis that you have not responded to enquiries about a bank account used in a fraud we have changed our opinion of your company and now believe that your company plays an important role in assisting fraudsters.

We intend…. to publish our emails to you, your responses to those emails (as yet no response), our explanation on how money mule companies work i.e by providing their bank accounts for fraudsters to use, acting to frustrate fraud victims from recovering funds and being well very rewarded for providing these services.  We will also undertake a full review of your website and the people involved.

Our investigations, blogs and websites are in the public interest because exposing fraud and the people associated with fraud is important in warning and protecting the general public.

We will write to you in advance of each article to give you an opportunity to correct any errors. We are also happy to adopt a balanced approach and publish your version of events”.

The contents of this blog was forwarded to Ms Perry in advance to allow her to comment and to correct any errors or false statements. She has not responded.

We have downloaded the pages of the Vital Corporate Solutions website and will be publishing extracts in future blogs. This is an image of Ms Amanda Perry, the owner of Vital UAE in Dubai.

 

We are very aggressive in our approach to money mules.  They are parties to a scam and if they will not co-operate we will take steps to recover our client’s total loss from the assets of the money mule.