Feeds

Spanish invoice scam targets UK

Costa del Packet CD-ROM racket

  • alert
  • submit to reddit

The essential guide to IT transformation

UK businesses are being warned to be on their guard against a Spanish firm compiling information for a CD-ROM directory.

The Federation of Small Businesses (FSB) issued a statement today warning companies to be vigilant after receiving a tip-off that UK firms have been sent forms enquiring whether they want to be included in the business directory.

On first reading, it appears that signing up for the CD-ROM is free but, buried in the small print is news that anyone signing up to the directory is agreeing to be inserted in the next three editions of the guide at a cost of €917 - or about £611 - for each version.

According to the FSB, the company behind the CD-ROM - European City Guide (ECG) - was successfully shut down last year and fined more than £200,000 for a similar scam. Now, though, the ECG has relocated to Valencia and is operating again. The FSB claims it has received proof that ECG is once more targeting small businesses with misleading mail shots.

Said FSB International Affairs chairman, Tina Sommer: "The ever increasing paper chase and a lack of dedicated administrative departments mean small employers have little time to go through all their mail with a fine tooth comb. Unfortunately, this makes them targets for companies like ECG.

"The FSB advises small businesses to make sure they always read the small print before they sign anything. If they are ever in any doubt they should contact the local trading standards office."

Earlier this year businesses were warned to be eagle-eyed over the summer months since many rogue traders take advantage of senior staff taking leave in the summer to trick more junior employees into paying what looks like an urgent invoice. In many cases, by paying these invoices, the company actually signs up to a contract which forces it to continue paying for years. ®

Related stories

Alert over invoices from 'Domain Registry Services'
Watch out for the bogus invoice man
ASA slaps Nodots scam

Next gen security for virtualised datacentres

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?