Every country in the world is competing to buy N95 face masks to deal with the coronavirus pandemic.
And scammers are trying to cash in.
Escrow.com General Manager Jackson Elsegood broke down how much money may have been spent on what is essentially a face mask black market.
While some of these transaction attempts are outright scams where no supplied are delivered, others involve fraudsters knowingly hawking incorrect mask types and stolen medical supplies from legitimate NGOs.
What is escrow? It’s a process in which two parties pay a third service to oversee a transaction. When the buyer gets the goods, the escrow service releases the money to the seller. Read more…
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