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The rise of the fake terminal

Whilst not a new phenomenon, fraudsters attempting to trick people out of significant sums of money are using more sophisticated techniques, prompting officials at the Port of Rotterdam to act. Jasmin McDermott reports

An order is posted online by a supplier of JP54, who says they have up to two million barrels of the product for sale.
An eager client spots the deal, always attractively priced, and proceeds to contact the seller, who encourages them to pay for the kerosene, used as aviation fuel, in advance of receiving the product.
The client then arrives at the port to collect their order and only then do they find out that either the terminal does not store the product in question, or that the storage facility itself doesn’t exist.
‘This is not a new phenomenon,’ says Ronald Backers, business intelligence adviser for the Port of Rotterdam Authority.
‘It has been going on for at least five or six years. These transactions are often accompanied by all sorts of docume...

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