Invoice Scam

Invoice scams usually involve sending fake bills or invoices to a business who will then unsuspectingly pay the fake invoice. These fake invoices look very professional and legitimate.

If a victim starts paying these invoices, it is highly likely for the scammer to continue sending these fraudulent invoices for several months until the business loses more and more cash.

Invoice scams are particularly hard to discover since these invoices require incremental payments—usually it is discovered too late. These small, incremental payments can amount to a hefty sum and cause a significant cash loss to the company.

How to avoid it:

• Cross-check every invoice with actual goods and services purchased. Do comprehensive background checks before approving a new supplier.
• Report scam to the bank and law enforcement agency in the event of any suspected scam.