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Vendor fraudsters scammed Fremont business out of $180K: PD

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(KRON) - A Fremont business was scammed out of six figures, according to the Fremont Police Department. On May 28, Fremont police officers began working on a fraud investigation regarding a manufacturing business on Fremont Boulevard. The business was emailed by a vendor scammer who asked the business to change the bank account information on [ ]
A Fremont, California business was defrauded out of $250,000 by scammers posing as a legitimate vendor, leading to a police investigation. The fraudsters, using the name of a real vendor, convinced the business to change payment details to their own account, resulting in the transfer of funds. The business discovered the scam when the actual vendor inquired about non-payment. The police are now working to trace the money and identify the perpetrators, highlighting the need for businesses to verify changes in payment information thoroughly.

Read the Full KRON Article at:
[ https://www.yahoo.com/news/vendor-fraudsters-scammed-fremont-business-193628376.html ]