By Oisin Sweeney •
Published: 30 Jan 2021 • 8:17
Fraudsters will often pose as legitimate businesses to swindle thousands from companies - Image Source: Pixabay
GUARDIA CIVIL has warned Spanish businesses that the “Nazarene” scam is still alive, following the arrest of nine people in a high-profile Seville fraud case.
Guardia Civil says that the Nazarene scam, a textbook conman’s trick, is still alive in Spain and warns businesses to remain on alert for potential fraudsters. The con is quite simple but can be devastating to businesses.
Fraudsters, often posing as legitimate businesses or customers, will approach companies selling goods easy to sell on quickly through the black market. In the recent Seville case, the gang targetted auto and fuel companies.
After establishing a good relationship with the targetted company, by making regular purchases and paying on time, the con artists will request some form of delayed payment. They might say they can pay the full price next week, or request an invoice be sent to a fictional head office.
Once they’ve received their desired goods, free of charge, they’ll abscond and the targetted company will never hear from them again. While it sounds too simple to be feasible, Guardia Civil officers say the crime costs Spanish businesses thousands every year.
To avoid falling for a Nazarene scam, businesses are advised to apply heavy scrutiny to any individual or company asking for a delayed payment – no matter how convincing or legitimate they may seem.
Thank you for taking the time to read this news article “Spanish Businesses Warned About “Nazarene” Scam”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Oisin is an Irish writer based in Seville, the sunny capital of Andalucia. After starting his working life as a bookseller, he moved into journalism and cut his teeth as a reporter at one of Ireland's biggest news websites. Since joining Euro Weekly News in November, he has enjoyed covering the latest stories from Seville, Spain and further afield - with special interests in crime, cybersecurity, and European politics. Anyone who can pronounce his name first try gets a free cerveza...
Download our media pack in either English or Spanish.