Sunday, August 26, 2012

The Thirty Percent Scammers in China

A large number of Chinese exporters and trading companies are reportedly engaged in mass fraud of international buyers and customers, which is gradually reaching the alarming level as infamous "Nigerian Fraud" or "Cameroon Fraud" in today's world. According to specific evidences, Chinese exporters demand 30 percent of the amount of the ordered goods in advance either through TT or Western Union. This has already spread amongst ninety-nine percent of the Chinese suppliers as virus, while major segment of the Chinese suppliers decline to accept letter of credit for export. Hundreds of international traders and business houses are becoming victims of such Chinese "Thirty Percent Fraud", which are in most cases ignored by the Chinese authorities, similarly as those in Nigeria, Cameroon and some of the ill-reputed African countries.


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