Seldén Escrow Officer Scam
Another suspected money mule scam just popped up in my inbox. The email claims to be from Careerbuilder introducing a “Job Opportunity” supposedly with Seldén. The red flags started waving, so I did some research.
Seldén Mast is a global manufacturer of rig equipment and systems for dinghies, keelboats and yachts. Their main website is located at seldenmast.com , they have 220 employees, been in business since 1960 and has Production facilities in: Gothenburg and Svartå, Sweden, Southampton, England, Brouwershaven, the Netherlands,
Charleston, South Carolina, USA, La Roche Sur Yon, France, Hong Kong and a Sales subsidiary in Denmark. They also have numerous independent dealers all over the world who carry their products, many right here in the U.S.
Below is a screenshot photo of their Official Company Website:
So with that being said, Here is the initial unsolicited email I received:
Re: [REF-ID 41164] CareerBuilder: We need Virtual Assistant
Carmen Morton <CarmenMorton@mail.com> wrote:
image: CareerBuilder logo
I wanted to take a moment to introduce you a job opportunity with Seldén, one of the leading providers of finance services .
Salary – 57.000+
Other Pay $145 Commissions
Employment Type Part-Time / Full Time
Job Type Finance , Marketing
Education Not Specified
Experience Not Specified
Manages Others No
High school graduate.
Attention to detail.
Is educated and is an active learner.
Understand and carry out oral instructions.
Has the initiative to solve problems and to get things done correctly and on time.
Type correspondence, reports and other documents.
Prepare documents and reports on the computer
Decision making skills
We offer great employee benefits including:
8 Paid Holidays
Direct Deposit of Paycheck.
Employee Assistance Programs
If you feel we can assist you in your job search, please write back to current email.
“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”
I suspected it wasn’t legit so out of curiosity I replied and asked for more information.
So Seldén Needs Escrow Officers In Their Finance Dept?
REALLY? Not according to their corporate website careers section, they don’t! However, several days later I received this reply:
Open Position for you – Details (This message has been sent at your request)
Carmen Morton <CarmenMorton@mail.com> to me
Leaders all the way
With a large number of championship medals in the Olympics, World Championships, European Championships and national championships, Seldén has proved to be Number One in rig systems for dinghies, keelboats and yachts. Our philosophy of being the best extends to all our services and to the way we treat our clients. Please find below our latest innovation.
Today we have an open position in our Financial Department.
Our Financial Department handles commercial transactions and its primary business groups are financial services, financial communications, title agency and title underwriting operations therefore we are looking for a person to handle transfers of documents and funds, acting on the behalf of, Seldén and Seldén’s clients in the US.
What is an Escrow Officer?
Escrow generally refers to money held by a third-party on behalf of transacting parties. We have decided that this does not have to be a third-party and it can be an In-House service which would bring financial advantages for both Seldén and our clients. The concept to turn around funds through an “in-house” Escrow service is a novel approach and is one we take pride in creating.
This position does not have formal educational requirements.
Candidates for this position must be detail-oriented, trustworthy and professional when dealing with sensitive and confidential transaction information.
Main Duties of this position:
To receive payments from our clients which are mainly under the form of checks (only U.S. emitted checks, no international checks will be sent to you);
To keep track of the payments received and offer daily reports on those payments;
To deposit the checks in your existing bank account and receive cash funds in return;
To forward the funds under the form of a money transfer;
To keep reports on all the funds sent;
To scan all the formal documents (e.g. receipts) received while doing this job; To add copies of all the documents aforementioned to the daily reports;
Fixed monthly salary:
The starting salary stipulated in our contract is in the amount of $4500 and is paid at the end of each month.
This arrangement starts the moment the contract is signed (after signing a contract with us any Escrow Officer receives his first salary after a 30 day period)
Additional to the fixed salary there are commissions and dividends as follows:
For each payment you process you earn $165.
(These depend on how quick payments are processed and are as follows)
Completely processing a payment within 24 hours will earn you $165;
Completely processing a payment within 36 hours will earn you $105;
Completely processing a payment within 48 hours will earn you $65;
Anything above that time will not earn you any haste dividend.
Additional financial benefits:
Savings/401(k) with matching contributions.
Provides for savings through payroll deduction or contributions along with company-matching contributions.
Life Insurance, AD&D, Short and Long Term Disability.
Various insurance coverage plans, including short and long-term disability, employee and dependent life and long-term care.
Health and Wellness benefits
We offer a variety of medical plans that feature in and out-of-network benefits:
Comprehensive Dental plan;
Features out-of-network benefits;
Comprehensive Vision plan;
Optional coverage that offers significant benefits.
“Why is this position necessary?”
Our reasoning for opening the “In-house” payment processing service:
First of all, why do we even accept checks when so many payment methods are available?
Well, this decision is based on market research survey results. According to our statistics, a significant subset of the population, especially those over 40, were accustomed to using paper checks as of 2014. About 71 percent of those who do not make their payments online online liked to use paper checks before plastic cards because checks give them better records and control over their spending. At least for the foreseeable future, accepting checks is a boon to business, especially when a customer base contains a lot of retirement-age people. Quite a large portion of our customers at any point of the year is formed of people that are over the age of 40. Furthermore, over 57% of the respondents present in our market research surveys said they would actually react negatively if their personal check was refused due to “company policy”.
Now, the downside of checks for our company.
We are a customer support oriented company and we aim to offer our customers the shopping experience they want, however International checks are a huge hassle to handle because such checks need to go through a long dragged out process of up to 6 weeks in order to actually receive payment from a customer, in addition to this, the process is troublesome and annoying for the customer also. To avoid such banking policies and still offer our customers the shopping experience they desire, we have decided to create our own “In-house” payment processing service.
SELDÉN HISTORY – 65 Years of Experience in Boatbuilding
SELDÉN history – 70 Years of Experience in Boatbuilding
THE EARLY YEARS
Per Seldén starts up with boat equipment and wooden masts at Långedrag, Gothenburg.
Aluminium mast production, 5 employees.
New plant for rigging systems in Gothenburg. Separate companies for boat equipment store and mast manufacturing.
Another new plant for rigging systems and equipment. 50% of Kemp Masts acquired. Turnover SEK 14 million. About 40 employees.
One of the plants sold. Turnover SEK 24.5 million.
Diversification begins. Four properties bought.
Part owner in industrial project.
Seldén in-mast furling launched. Turnover SEK 38 million.
AIMING AT GLOBAL GROWTH
Peter Rönnbäck succeeds Per Seldén as Managing Director.
YRAB (Seldén Rigging AB) acquired.
Kemp Masts Ltd becomes Seldén Mast Ltd.
New Furlex launched.
Seldén acquires the assets of Proctor Masts and becomes the dominant player on dinghy, one-design and keelboat product markets.
Seldén Mid Europe starts mast manufacturing operations in The Netherlands.
New production facility in the UK.
Winner of Freeman K. Pittman Award for Seldén Reversible winches.
If you find you are interested in what Seldén has to offer, simply reply to this email and write in the subject line the word “Contract”. Within a maximum of 48 hours you will receive the “Seldén Contract” and a list of Frequently Asked Questions about this position.
After you receive our contract and list of FAQ, we ask that you carefully read the documents, consider our proposal and if you believe the offer fits your needs, fill in the information required in the contract, sign it and send it back to us.
If you have any questions about this position after reading our FAQ please feel free to include those questions and/or observations in a reply email.
As one of our potential employees, we’d like to make sure you stay in the loop.
To ensure our emails continue to reach your inbox, please add our email address to your address book.
Please be aware this message was sent at your request, if you have received this message by mistake, please make us aware by replying to this message with the word Delete in the subject line.
You’ll notice the USUAL red flags such as the free email address it was sent from, mail.com as well as “This position does not have formal educational requirements” not to mention the BIGGEST red flag of a classic money mule operation under “Main Duties of this position”, specifically the lines that state:
- To receive payments from our clients which are mainly under the form of checks (only U.S. emitted checks, no international checks will be sent to you);
- To deposit the checks in your existing bank account and receive cash funds in return;
- To forward the funds under the form of a money transfer;
BEWARE: These Emails Are NOT Associated With Seldén
First of all, Seldén Mast handles all their customer transactions through their licensed dealers and their main offices. Read Seldén’s General Conditions Of Sale that states in the first paragraph:
These conditions shall apply to every offer and contract of sale made or entered into by Seldén Mast AB unless otherwise agreed in writing.
A large global company like Seldén would NEVER send out unsolicited emails offering ANY job! Especially for work at home “Escrow Officers” handling large sums of money with no experience or college degree, no prerequisites or qualifications such as a resume and/or application, a face to face interview, a background check, drug screening and other pre-employment requirements. Nor would they expect or ask you to use your own bank account to conduct monetary transactions for the company!
These emails are NOT associated with or come from any representative of Seldén Mast or Careerbuilder at all! They are nothing but a phishing scam sent by criminals to first- steal your personal information such as your social security number and banking account information and then second-involve you in a money mule operation where you will likely be wiring stolen funds overseas! You won’t get paid and even worse you’ll be left to cover these stolen funds out of your own pocket if you participate while the scammers walk away with all the money unscathed. You could even be prosecuted!
What To Do If You Are A Victim
If you have fell victim to the Seldén scam or similar, you need to contact your bank immediately and close your account. Next file a police report with your local authorities and then file a complaint with the FBI’s internet crime center at http://www.ic3.gov/
Next you need to contact the 3 credit bureaus- TransUnion, Equifax and Experian, and place a fraud alert on your report. These scammers now has your Social Security number so they can steal your identity and may try and obtain credit in your name. This will alert you for at least 90 days about any suspicious activity. I also recommend you get some sort of identity protection such as the services offered through companies like LifeLock-Visit Their Website Here!
Equifax has published some great tips about various scams and protecting your identity, and you can read about it Here on the Equifax Website.
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