The subject took advantage of this business model to lure many victims to participate, then appropriated the “seller’s” money.
Recently, Hanoi City Police have warned of fraud when participating in the Dropshipping business model.
Dropshipping business model is a form of retailing, where sellers do not need to store their products in warehouses. Instead, the seller only needs to transfer the orders and customer details of the product to the manufacturer or product supplier.
With this business method, retailers will not need a warehouse, do not need to worry about transportation. The convenience of this new business form is being researched by many people. However, many scammers have lured victims to participate in sales to steal money.
According to a friend’s recommendation, Mr. 6 days.
On the first day, Mr. X sold 1 order and earned the promised profit. Mr. X bought an advertising package equivalent to 10 million VND with a commitment to sell 8 orders/day. The subjects introduced Mr. X to upgrade the store with 12,000 USD to enjoy the policy of 20 days without having to pay for orders and 30% profit for each order.
After 20 days, Mr. X withdrew money from the system and was asked to pay 35% of the profit, equivalent to nearly 1 billion VND, to withdraw the money. Realizing the unusual signs, Mr. X did not pay the money and went to the police to report. The total amount of money that Mr. X had been embezzled was 9.7 billion VND.
Dropshipping is undeniably an attractive business model and brings many benefits to sellers. But this is also a “good bait” for scammers.
The Department of Cyber Security and High-Tech Crime Prevention, Hanoi City Police recommends that online sellers be cautious, verify information carefully when participating in the Dropshiping business model and making money transfers, and be cautious when faced with the opportunity to receive large profits thanks to online business applications.
When encountering cases showing signs of fraud, people need to contact the Police to promptly resolve the case according to regulations.