Freight Forwarders Warned of Old Scam Doing the Rounds Again

Thursday, September 6, 2018

UK – An Associate Member of the British International Freight Association (BIFA), the European Freight Trades Association (EFTA) have advised about approaches their Members have received relating to companies which have gone into liquidation. This is an old scam and forwarders that may have outstanding debts owed by failed companies, are advised to be on guard.

The fraudsters get a company’s details off Statements of Affairs/Lists of Creditors filed at Companies House and then contact said company suggesting that due to a supposed breach of certain sections of the Insolvency Act 1986 a creditor can pursue the Directors personally. Both BIFA and EFTA warns that this is nonsense and that the only person who can take action, in an extremely rare course, against the Directors is the Liquidator and any ‘result’ will be for the general benefit of the creditors.

To gather a creditors interests, the scammers suggest that they have ‘game-changing’ information, all for a registration fee - in the latest example the EFTA has seen this was £750 plus VAT. The hook is that they say that if they do not recover your money with 120 days the £750 plus VAT will be refunded. Guess what folks? It won’t.