Victim Location 44512
Total money lost $16,193.15
Type of a scam Other
Waterford Management went through our credit application processes, and supplied professional references and banking information, and a personal guarantee all of which appeared to check out. Then they sent us a purchase order for $16,193.15 worth of cleaning supplies where they agreed to pay us check in hand on the 14 day. The invoice is now 33 days old and we have been calling and emailing since the 14th day and they are not returning any of our calls or our emails. I called the building in Downtown Minneapolis where they claimed they were located and I was told they moved out the end of February. The PO they sent me on Tuesday April 4th 2017 still listed their address as 80 South Eighth Suite 900 Minneapolis MN 55402. This company has committed fraud and I am going to report them to the FBI.
Victim Location 43054
Total money lost $43,000
Type of a scam Other
These people contacted us to order a large amount of cleaning supplies for their property management company. They sent complete packages of credit references which all appeared to be legitimate. They then placed a large order, and within the 30 day term period placed another order. When we contacted them for payment they disappeared on us.
Victim Location 30901
Total money lost $6,000
Type of a scam Other
*** *** Inc received a fax credit application from Waterford Management which included 3 business trade references, a bank reference, state resale certificate, and a W-9. We checked their references and received good references from all of them as well as from the bank referenced. There are websites for all 3 businesses that were used as trade references. We asked quite a few questions about their business and we were told that they were a property management company seeking a source of *** *** for their properties close to our location but that they would prefer to pick their order up rather than have us deliver it. We offered a small line of credit at terms net 30 and they placed their first order of product which was picked up by a third party freight company which surprised us. We tracked the shipment and found out it was going to a location in Vermont. Prior to the first invoice being due they tried to place another order and we told them we needed payment for the first order before we could fill any additional orders. We were given a check number in an email but have yet to receive any payment.
Victim Location 46360
Total money lost $23,000
Type of a scam Other
Contacted us for Jan/San supplies. Said they were a buying group a property management company.
Victim Location 28110
Total money lost $11,070
Type of a scam Other
Applied for credit, was approved based on false references and placed an approx $22,000 order. Order was shipped and never received payment.
Victim Location 72601
Total money lost $22,928.99
Type of a scam Other
Waterford Management – had gone through our credit application process, supplying both professional references and banking information, all of which appeared to check out. At that point, sales agreements were signed and Waterford Management contracted with third-party shipping companies to pick up cleaning supplies from our companies. After the pick-ups were made Waterford stopped communicating with us. It is the exact same story as other business have reported.