🚨 EN590 Fuel Scam: How Due Diligence Saved $2 Million - Stop Oil Scam
- May 10
- 2 min read
Updated: May 10
The oil & gas industry is seeing a sharp rise in sophisticated scam operations targeting brokers, traders, and buyers worldwide.
Many fraudulent sellers no longer appear suspicious at first glance. They use professional procedures, polished documents, and convincing communication to build trust before requesting payment.
Recently, the STOP OIL SCAM Team handled an EN590 fuel scam case where proper verification likely prevented a buyer from losing $2 million.
EN590 Fuel Scam Case: The Deal Appeared Professional
A broker approached us regarding an EN590 transaction involving:
200,000 MT trial shipment (Houston Port)
300,000 MT monthly contract for 12 months
Initially, the deal looked structured and legitimate.
The parties involved:
shared an SCO
followed the ICPO and CI process
provided POP documents
issued invoices professionally
communicated confidently throughout the negotiation
At first glance, many brokers would have considered this a serious transaction.
This EN590 fuel scam operation was designed to appear completely professional in order to gain the buyer’s trust.
Verification Revealed Major Problems
Once our team began the due diligence process, multiple red flags appeared immediately.
We discovered:
the seller’s website had been created recently
no valid export license could be verified
the company address did not match any real oil & gas operation
submitted documents including ICPO, TSA, CI, and POP were fraudulent
no legitimate presence existed at the claimed port location
The structure was carefully designed to appear genuine while hiding the fact that no real supply operation existed.
Many EN590 fuel scam networks now use realistic company profiles and fake documentation to target brokers and buyers.
The Biggest Red Flag in This EN590 Fuel Scam
The most serious warning sign came during the payment stage.
The seller requested:💰 $2 million in USDT (crypto payment)
The invoice even included a QR code for payment.
This is not how legitimate large-scale oil & gas transactions are conducted.
Professional fuel transactions involve:
banking compliance
legal verification
traceable financial channels
regulated contractual procedures
Non-traceable crypto payment requests in these types of deals are a major fraud indicator.
This EN590 fuel scam case clearly showed how scammers introduce payment pressure only after building trust through fake procedures and documents.
Immediate Scam Warning Issued
After reviewing the entire structure, we clearly advised the broker and buyer:
🚫 This is a scam operation.
We warned that any payment sent would likely be impossible to recover.
Fortunately, the buyer stopped the transaction immediately before funds were transferred.
💰 Result: $2 Million Saved
This EN590 fuel scam case is a powerful reminder that modern scammers understand industry procedures extremely well.
They:
follow realistic transaction steps
create convincing documentation
build trust gradually
then introduce urgent payment requests
Without proper verification, even experienced brokers can be targeted successfully.
Important Lesson for Buyers and Brokers
Always conduct due diligence BEFORE negotiations become serious.
Early verification can expose:
fake companies
fraudulent POP documents
fake refinery claims
non-existent operations
payment scams
One proper investigation can prevent catastrophic financial losses.
📧 Need Help Verifying a Seller?
The STOP OIL SCAM Team investigates:
EN590 sellers
Jet A1 suppliers
refinery claims
fake POP documents
company registrations
crypto payment scam structures
fraudulent mandates
Stay alert.Verify first.Protect your capital.
— STOP OIL SCAM Team
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