NCJ Number
66240
Date Published
1966
Length
12 pages
Annotation
BASED ON A SURVEY COMPLETED BY MEMBERS OF INTERPOL IN 1965, THIS REPORT FOR THE 35TH SESSION OF THE GENERAL ASSEMBLY DESCRIBES NEW TYPES OF INTERNATIONAL FRAUDS.
Abstract
THE REPORT WAS PREPARED IN RESPONSE TO UNITED STATES CONCERN OVER THE DEVELOPMENT OF NEW INTERNATIONAL FRAUD SCHEMES. AREAS IN WHICH FRAUDS WERE OBSERVED WERE RECRUITMENT OF FOREIGN LABORERS, TRAVEL AGENCIES ACCEPTANCE OF MONEY TO COVER TOURIST'S EXPENSES WITHOUT DELIVERING IT TO PROPER RECEIVERS, AND INSURANCE AND REINSURANCE. WEST GERMANY AND CANADA REPORTED FRAUDELENT SALE OF LAND, DOMESTIC AND FOREIGN, WHICH EITHER DID NOT EXIST OR WAS VALUELESS. SEVERAL COUNTRIES NOTED CASES OF COMPANIES, USUALLY FOREIGN-OWNED, THAT ORDERED AND SOLD GOODS WITHOUT PAYING THE SUPPLIER. IMPORT AND EXPORT ACTIVITIES WERE AFFECTED BY A VARIETY OF FRAUDS INVOLVING GOODS HELD IN CUSTOMS, NONEXISTENT EXPORTS, OVERBILLING, AND MORE. OTHER SCAMS INCLUDED USE OF WORTHLESS OR STOLEN CHECKS, OBTAINING BANK ACCOUNT CREDITS ON FALSE PRETENSE, SELLING WORTHLESS STOCKS, PROMOTING INVESTMENT IN NONEXISTENT COMPANIES, OBTAINING CREDIT BY USING WORTHLESS STOCKS AS SECRUITY OR CLAIMING TO HAVE INCREASED THE REGISTERED CAPITAL OF A COMPANY, AND COMMITING CRIMES INVOLVING STOCK EXCHANGE SPECULATION. THE REPORT CITES EXAMPLES WITHIN EACH CATEGORY OF FRAUD AND CAUTIONS THAT THE LIST IS NOT EXHAUSTIVE; MANY OFFICIALS ARE TOO ASHAMED TO REPORT FRAUDS TO THE POLICE OR FEAR PERSONAL IMPLICATION. (MJM)