Law & Courts

Cayman Islands police Financial Crime Unit issues warning on fraudulent EcayTrade rental ads

Archive
1 min read
  1. When it comes to making any purchases or securing a rental property, be cautious of advertisements of rental property or items advertised well below market value.  Remember, if the deal appears too good to be true, it probably is.
  2. Use the internet to research the advertisement and seller’s name, email addresses and other unique identifiers.
  3. Avoid sellers or rental agents who refuse to meet, or arrange to have someone meet with you, to physically inspect or view the apartment.  Pressure them to act quickly.
  4. Insist on meeting with the individual or their designate in person before conducting any transaction.
  5. If you are suspicious or unsure about the advertisement, immediately contact or file a complaint with the police or FCU.
  6. Contact your financial institution immediately upon discovering the scam.
  7. Request that your financial institution contact the corresponding financial institution where the transfer was sent.
  8. Complainants are also encouraged to keep all original documentations, emails, faxes and logs of communications.

Published March 4, 2018

Join the discussion — please keep to our Community Guidelines.