theunpromisedone3

Trapwire Stratfor Email 51

Aug 13th, 2012
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  1. Re: [CT] [OS] CHINA/CSM - Alibaba says China police arrest 36 in fraud probe
  2.  
  3. Released on 2012-08-12 08:00 GMT
  4. Email-ID 1548232
  5. Date 2011-07-05 07:22:59
  6. From richmond@stratfor.com
  7. To ct@stratfor.com, eastasia@stratfor.com
  8. List-Name ct@stratfor.com
  9. I agree with Alibaba and had flagged that too. I didn't see the mention
  10. of trapwire in the story on Cisco. Maybe I missed it. Yes, keep me
  11. posted on any questions and I'll see what my contact can dig up.
  12.  
  13. On 7/4/11 11:18 PM, Sean Noonan wrote:
  14.  
  15. This is also a pretty good CSM topic. some college kids running a scam
  16. through Alibaba (chinese ebay), took in a good amount of money.
  17.  
  18. If we had some good 'redism' related incidents, maybe I could write on
  19. that, but we'd need some very concise points to make.
  20.  
  21. Let me know what you guys think of this and the surveillance camera
  22. topic.
  23.  
  24. Jen, I assume that Trapwire is a competitor to Cisco, but I'm not sure.
  25. I don't know if trapwire makes the actual cameras or just does the
  26. analysis. I won't have real questions till morning.
  27.  
  28. On 7/2/11 11:00 AM, Kevin Stech wrote:
  29.  
  30. Alibaba says China police arrest 36 in fraud probe
  31.  
  32. 02 July 2011 - 08H10
  33.  
  34. http://www.france24.com/en/20110702-alibaba-says-china-police-arrest-36-fraud-probe
  35.  
  36.  
  37.  
  38. AFP - Police have arrested 36 people in southeast China following an
  39. investigation into fraud on e-commerce site Alibaba.com and other
  40. websites that duped buyers out of more than $6 million.
  41.  
  42.  
  43.  
  44. Alizila.com, Alibaba's corporate news website, reported earlier this
  45. week the suspects were detained in Fujian province's Putian city in
  46. April. John Spelich, the firm's spokesman, confirmed the report to AFP
  47. on Saturday.
  48.  
  49.  
  50.  
  51. The people arrested allegedly operated a criminal gang that used fake
  52. IDs to open more than 100 "Gold Supplier" accounts on Alibaba.com.
  53. This designation is given to those certified as highly trusted
  54. suppliers by the firm.
  55.  
  56.  
  57.  
  58. This allowed the suspects to pose as legitimate companies selling to
  59. overseas businesses that source goods through Alibaba.com. Police said
  60. the alleged scammers also used other international trading websites.
  61.  
  62.  
  63.  
  64. Alibaba.com, based in the eastern city of Hangzhou, has grown into one
  65. of China's largest Internet companies by matching mainland
  66. manufacturers and wholesalers with buyers around the world.
  67.  
  68.  
  69.  
  70. But its reputation took a hit in February when the firm announced the
  71. resignation of chief executive David Wei and head of operations Elvis
  72. Lee after fraud was uncovered on the site.
  73.  
  74.  
  75.  
  76. Wei and Lee were not involved in the scams but resigned because they
  77. took responsibility for "systemic breakdowns" that allowed the fraud
  78. to happen, Alibaba said at the time.
  79.  
  80.  
  81.  
  82. But according to the Alizila report, the fraud was "sometimes abetted
  83. by Alibaba.com employees." But Spelich said Saturday none of the 36
  84. arrested worked at the company.
  85.  
  86.  
  87.  
  88. He added the number of fraud complaints received by the website in
  89. June was down 70 percent from February after Alibaba toughened
  90. procedures and other security measures.
  91.  
  92.  
  93.  
  94. The report said Alibaba had refunded $1.9 million to those who lost
  95. their money to the alleged scammers.
  96.  
  97. Click here to find out more!
  98.  
  99.  
  100.  
  101. Kevin Stech
  102.  
  103. Director of Research | STRATFOR
  104.  
  105. kevin.stech@stratfor.com
  106.  
  107. +1 (512) 744-4086
  108.  
  109.  
  110.  
  111. --
  112.  
  113. Sean Noonan
  114.  
  115. Tactical Analyst
  116.  
  117. Office: +1 512-279-9479
  118.  
  119. Mobile: +1 512-758-5967
  120.  
  121. Strategic Forecasting, Inc.
  122.  
  123. www.stratfor.com
  124.  
  125. --
  126. Jennifer Richmond
  127. STRATFOR
  128. China Director
  129. Director of International Projects
  130. (512) 422-9335
  131. richmond@stratfor.com
  132. www.stratfor.com
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