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How Castler Escrow Could Have Prevented a ₹22 Lakh Email Scam

In a recent incident, a Pune-based company was tricked into paying ₹22 lakh to fraudsters who posed as representatives of a well-known company. The fraudsters sent the company an email that appeared to be from the company’s CEO, requesting that the company pay a processing fee in order to secure a large contract. The company complied with the request, and the fraudsters disappeared with the money.

In this case, Castler Escrow could have prevented the scam. If the company had used Castler Escrow, the funds would have been held in escrow until the contract was signed. This would have prevented the fraudsters from getting away with the money.

Here are some of the ways in which Castler Escrow could have prevented the scam:

  • Castler Escrow would have provided a secure platform for the company to communicate with the fraudsters. This would have made it more difficult for the fraudsters to trick the company into paying the processing fee.
  • Castler Escrow would have verified the identity of the fraudsters. This would have ensured that the company was not dealing with a legitimate company.
  • Castler Escrow would have held the funds in escrow until the contract was signed. This would have prevented the fraudsters from getting away with the money.

If you are ever considering making an online payment, you should be very careful. It is possible that you are being scammed. You can protect yourself by using a trusted escrow service like Castler Escrow.

By using Castler Escrow, you can protect yourself from scams and ensure that your money is safe.