School may be ending for the summer, but this school impersonation con is just ramping up. Scammers are posing as school representatives and ordering thousands of dollars of goods on real credit accounts.
How the Scam Works:
A supply store receives a call from a scammer, posing as a representative of a school. He or she pretends to have lost the school's purchasing account information, and, through a mix of tactics, persuades the store rep to part with the account information.
Later, a scammer calls the supply store again. He/she uses the account information to make a large order of computers, printer ink, hard drives and other valuable equipment. The scammer either has the supplies shipped to a third party address or sends them to the school itself. In this case, the scammer calls the school, pretends to be from the store, says the supplies were shipped in error and gets the school to forward them to a new address.
Often by the time the fraud is discovered, the supplies are gone. But the store ends up with the bill.
Tips to For Businesses:
Take the following steps to protect your business from fraudulent orders: