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Broker scam using sales listings as references

Located in Warnings and Alerts started by Eric Lyon, Jan 4, 2014.

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  1. Eric Lyon

    Eric Lyon Member Services, NamePros Super Moderator PRO Gold Account VIP Trusted Contest Holder

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    The below quote is being posted on behalf of Becky, who was the target of a broker scam naming her the beneficiary of a domain that sold. Just to clarify a little, Becky did not own the domain at all but was unsure at the time of the call whether or not it was in one of her portfolios. As we all know, sometimes large or multiple portfolios can tend to cause forgetfulness.

    I'm still not sure, nor do I have all the details as to how he convinced her she might have owned the domain. Luckily she discovered she didn't own it before she sent any broker fee's to claim her sold funds.

    I'm thinking the point of this "Phone Call Broker Scam" is to catch individuals off-gaurd and away from their PC so they don't have an opportunity to check whether or not they actually own the domain in question. Furthermore, they seem to target individuals they feel have large enough portfolios Or individuals who have their portfolios managed by someone else, so they don't know what they own. That may keep the victim wondering and halfway believing.

    Lesson: Be careful of brokers calling you and asking for fee's over the phone. Especially if they are using urgent closing tactics to secure the funds before you have a chance to check your portfolio(s). While Becky didn't own this domain & was able to avoid being taken to the cleaners on a bogus fee, It's quite possible that some scam brokers may attempt to set-up fake sales of a domain that actually is in your portfolio & claim to have listed it on your behalf.

    Avoiding being scammed by one of these brokers if you aren't sure: Tell them to take the fee out of the sales total & send you the remainder. There should be no need at all for you to send them any money when they supposedly facilitated the sale. Once you have the money, then you can transfer the domain to them to complete the deal.

    Below is Becky's initial message about the incident:
     
    Last edited: Jan 4, 2014
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  2. alien51

    alien51 Take Me To Your Leader VIP ★★★★★★★★★★

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    According to that quote, she was given 45 days to respond and send him the broker fees.

    45 days seems like sufficient time to verify authenticity and diligence checks, without sending money?
     
  3. treker

    treker Account Auto-Closed

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    Funny.
    There's a character / broker who's claiming to be friends and partners with Domain King
    _\|/_
     
  4. Eric Lyon

    Eric Lyon Member Services, NamePros Super Moderator PRO Gold Account VIP Trusted Contest Holder

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    Right, agreed, Still not sure as to why she believed him at first, but glad she didn't fall for it. My guess would be that the 45 days comment was used on her to make it sound more legitimate to get her to trust him and possibly close it all over the phone with a credit card sooner.
     
  5. Joseph Green

    Joseph Green Established Member ★★★★★★★★★★

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    I agree. It's a common practice in scams for the scammer to say trust-building phrases that make them appear as if they have nothing to hide, because they know it will cause some people to forego their due diligence.

    Example of phony trust building:

    The scammer will say, "We have been in business for 20 years and have a perfect record with the Better Business Bureaus (BBB). I can call them right now with you on the phone to show you if you'd like."

    And then the victim thinks, "Wow, he's willing to call BBB right now to prove it to me, so it must be true; I won't waste our time with that phone call. I'm convinced he is telling the truth now."
     

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