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ERAI Blog

OEM and CM Buyers Targeted in US Based Bait-And-Switch Scheme

Kristal Snider
05/20/2019

This message is a warning to any organization involved in the purchase of electronic components. A man by the name of Nick Martin has created, and/or is affiliated with, numerous companies and websites that fraudulently advertise to have hundreds of thousands of line items of inventory in stock or on consignment when, in fact, the parts are not in stock and consignment agreements appear highly unlikely. It is more likely that, upon receipt of a request for quote, Martin is sourcing untraceable product in the open market, including the Chinese open market. Martin and his co-conspirators require payment in advance but have reportedly either failed to ship the ordered product and failed to refund monies paid in advance, have shipped the incorrect quantity, or have shipped nonconforming parts.

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