FBI Launches Operation CANSCAM
The FBI is currently investigating the activities of allegedly fraudulent Canadian business entities that are defrauding U.S. companies. In summary, the scam begins when a Canadian business (typically located in or around Montreal, Quebec) requests a line of credit with a U.S. business.
The Canadian business will fax or e-mail references, credit documents, and/or tax documents to prove authenticity. The Canadian business will then place an order for materials on the line of credit and arrange for shipping by a third party. The materials are hauled to Canada, and payment is never made.
The FBI is aware of the several industries including trucking and logistics companies being affected by this scheme.
