People are easily conned; many are not used to doing businesses in China; especially, many naïve businessman are thinking that many Chinese businesses are good deals until they found they are rotten. My brother nearly parted with his money in the 90s when a Chinese introduced by his friend called him to join a tuition company in Wuhan. That time many wanted to learn English and computer science in China. My brother took trips to China and was shown classes being conducted which he thought was very impressive. He then discussed with us and of course, we objected. My sister-in-law then took a trip to China and went to the same classrooms where the tuitions were conducted and found them empty. My neighbor called my wife just about 1 month ago to ask where she could send SGD$10,000 to China quickly as her Godson from ShengYang was robbed in Shanghai and got no money to continue doing his business there. We cautioned her to call her Godson again to confirm. This time, she found that the voice from the other side did not sound like her Godson to which the other party on the line explained that he just had a cold. The conversation stopped there. These stories have been told many times and yet there are still people being conned.. here is one blog maintained by a US lawyer..
You are a United States company that buys its product from China. You are really in a rush to get your product in time for the Christmas season so maybe you are not being as careful as you usually are. You get a call from someone who purports to be from your China manufacturer (and this person probably is). They tell you that they have changed bank accounts due to “tax reasons” or because of “a government loan” and ask you to please make your next payment to the new account. You want your product and you want it fast and so you do so. Then the company calls you a few days later and says it will not ship you your product until you pay it. You then call a law firm who tells you that you have a really really difficult case and who are you going to sue? The company who you never paid and can with a very straight face say they have no clue who called you about the new bank account and why the hell did you pay some person so much money who you do not even know? Or the person you just paid who probably barely exists by this point?