The Dubai Overpayment scam

Last post: Oct 3, 2017

The Dubai overpayment scam by a company called Al Kazeem Trading: goods orders, funds paid via cheque to bank but over paid and a refund requested in the hope it is sent before the cheque bounces.

We've recently had a report from one of our customers about an attempted scam by a company out of Dubai calling itself Al Kazeem Trading (alkazeemtradingllc@gmail.com) trying to dupe them out of money. As a service to anyone who may encounter them and google their name, we thought it best to write a blog about our customer's experience.

The premise of the scam works like this:

  1. Al Kazeem call the company to place an order for some products, usually it's a substantial order that the business is pleased to receive
  2. Payment via bank transfer is offered much to the delight of the business owner
  3. A few days later, sure enough, funds arrive in the business bank account but they are UNCLEARED funds and a greater sum than was agreed 
  4. Cue then a call from Al Kazeem trading lamenting their overpayment error, suggesting someone will lose their job for this unless the overpayment can quickly be refunded and therefore imploring the UK business to wire them back the overpayment without delay.

Of course, the essence of the scam is that the funds are not cleared. Usually it is a cheque that has been paid in that will bounce in 3-5 days and Al Kazeem Trading are hoping they will have the refund of their "overpayment" transferred back to them before the unsuspecting business owner realises the initial payment is not cleared. In the busy hubbub of daily trading, it's a mistake many can make and so we hope posting this blog will alert them to the perils of dealing with this firm.

For what it's worth, our client was dealing with a gentleman calling himself Shaheed who gave a phone number of +971557856217 but doubtless these are all probably fictitious. 

Also for reference to anyone googling an interaction with this business, their bank details were given as:

BANK NAME:- ABU DHABI ISLAMIC BANK
BRANCH:- AJMAN BRANCH, AJMAN UAE.
ACCOUNT NAME:- KHALEEL UR RAHMAN ABDUL KHALAQUE  
Beneficiary address:Office # 310, 3rd Floor, Blue, DubaiLandmark: Opp Dubai Free Zone
IBAN:-  AE03 0500 0000 0001 8838 290
SWIFT CODE:- ABDIAEADXXX

And their delivery address for the goods as: ALKAZEEM TRADING LLC, MEZZANINE FLOOR, BLOCK AAL KAZEEM BUILDING, SHEIKH RASHID ROADAL GARHOUD, DUBAI

Frauds like this are on the increase and it only takes a moment of distraction to fall for some of them. We hope this blog post will keep at least one other business safe and alert them to this ruse. Stay safe out there, people.

Comment