Bounce back loan scam

13th July 2020

Please take care of any large sales to unknown clients which are received from a source 'BBL'. We heard today of a scam where a customer tried to buy a high value car from a Car Dealer and applied for a Bounce Back Loan in the name of the company to pay the Car Dealer. The money was paid to the Car Dealer's bank account on receipt of an invoice from them. Luckily the Car Dealer checked with his bank and found the money had come from a fraudulent Bounce Back Loan application in their name.

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