This Fraud Warning is an attempt to make both parties aware about the seriousness of misrepresentation of facts as presented in any documents relevant to the transaction you are working on together. “Fraud is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to state material facts, which nondisclosure makes other statements misleading.” Fraud Law and Legal Definition.
To the Seller - It is fraud to present an offer to sell a product that you do not have or provide a service you are not qualified to provide, to incorrectly specify the properties of the product, or to omit information that would influence the decision of the buyer whether or not to buy the product.
To the Buyer - It is fraud to present yourself as a legitimate buyer when you do not have the resources or intent to complete.
To both the Buyer and the Seller - It is fraud to present information or promise to any broker in a transaction with the intent of circumventing the broker or brokers at any time during or after the contract has successfully been concluded. It is equally an act of fraud to cancel or terminate negotiations with the intent of restarting them without the brokers’ participation.
To all Parties - If any party is found to have committed fraud by any other party in the transaction, civil and criminal remedies are possible. After attempting to address the actions through negotiation and direct contact, a criminal complaint may be filed with appropriate law enforcement agencies in any and all jurisdictions of parties involved. Complaints may also be filed with the diplomatic missions of the parties involved in all countries with parties involved. The injured party or parties may expose the fraud publicly by various means. Finally, the injured party or parties may seek legal recourse in any civil court of competent jurisdiction. By contacting us, you indicate that you understand the consequences of committing fraud, and affirm to deal fairly and honestly with full disclosure of facts that would influence the other party’s decisions with regards to your products and/or services.