Random calls and emails inquiring about shelf companies
BC lawyers have reported receiving random phone calls and emails from individuals who ask if they have shelf companies for sale, or ask for referrals to other law firms for the same purpose. In some instances, the individual making the inquiry says they need the company to be incorporated in BC or Alberta before January 2020, to support a financing transaction or backdate invoices. In other instances, the individual says they are looking for companies incorporated before 2020 in any Canadian province or territory, without providing a reason. Callers may supply a “company acquisition form” for the seller to complete with information about the company. They may also refer to receiving more information from their executive assistant or associate.
Fraudsters may attempt to use shelf companies to deceive unsuspecting third parties into believing that a company has been in operation for a number of years when, in reality, it hasn’t been used since its formation. Be on guard against being used to facilitate dishonesty, crime or fraud (BC Code rule 3.2-7 and commentaries and Law Society Rule 3-109).
If you have received an inquiry about selling shelf companies or other potential scams, please feel welcome to contact Barbara Buchanan, QC at bbuchanan@lsbc.org or 604.697.5816.
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- Fraud Alerts
- Fraud Alert: March 25, 2021
- Fraud Alert: March 4, 2021
- Fraud Alert: October 22, 2020
- Fraud Alert: August 6, 2019
- Fraud Alert: July 10, 2018
- Fraud Alert: December 15, 2017
- Fraud Alert: October 11, 2017
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- Fraud Alert: January 19, 2017
- Fraud Alert: August 4, 2016
- Fraud Alert: August 6, 2015
- Fraud Alert: May 7, 2015
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- Fraud Alert: December 31, 2014
- Fraud Alert: August 28, 2014
- Fraud Alert: December 21, 2012
- Fraud Alert: August 1, 2012
- Fraud Alert: June 1, 2012
- Fraud Alert: January 6, 2012
- Fraud Alert: December 15, 2011
- Fraud Alert: July 21, 2011
- Fraud Alert: May 2, 2011
- Fraud Alert: March 23, 2011
- Fraud Alert: June 2, 2010
- Fraud Alert: June 19, 2009
- Fraud Alert: May 14, 2009
- Fraud Alert: December 15, 2008
- Fraud Alert: September 16, 2008
- Fraud Alert: June 10, 2008
- Fraud Alert: May 5, 2008
- Fraud Alert: January 22, 2008
- Fraud Alert: August 10, 2005
- Fraud Alert: July 8, 2005
- Fraud Alert: March 11, 2005
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- Bad Cheque Scam Publications
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