Ranchers warned to be on alert for pandemic-related thefts or scams
March 20, 2020
The coronavirus pandemic’s impact on the cattle market has been dramatic already. But that’s not the only threat to ranchers’ livelihood, according to Scott Williamson. The executive director of law enforcement, brand and inspection services for Texas and Southwestern Cattle Raisers Association said thefts and scams targeting cattlemen are on the rise, too.
“Economic and industry distress always increases the number of desperate people that will take fraudulent, dishonorable and criminal actions,” he said.
That desperation works both ways — more people turning to theft and deception to make ends meet and more people buying or selling in a panicked state that may have clouded their judgment.
“You may feel like you need to get in a hurry to sell some cattle before it gets worse or get in a hurry to buy while the prices are low,” Williamson said. “But please slow down and be prudent, because con men and thieves are taking advantage of this situation.”
He said it’s especially important to be careful when buying or selling over the internet.
“Be extremely wary,” he said. “Be sure you have some way to absolutely confirm who that person is. My suggestion is don’t do any business without being able to tangibly lay your eyes on it or meet someone. I know that seems like overkill to some people, but you just can’t be too careful.”
Williamson offered the following tips for avoiding fraud:
· Verify the person you are attempting to do business with a trusted source.
· When selling items consider payment options such as an escrow service or online payment system.
· Never accept a check or cashier’s check for more than the value of the sale.
· Confirm checks are valid by contacting your bank or the issuing bank.
· When buying items never issue payment until the items are received unless you have complete trust in the seller.
· Always inspect and document livestock or items before taking delivery, and remember, you have the right to refuse delivery.
· If you believe you are a victim of a bait and switch purchase, act quickly. The more time that lapses, the more it appears you were initially agreeable to the transaction and the ability to remedy the problem erodes.
To prevent theft, Williamson advises ranchers to: