🚨 Real EN590 Scam Case: How One Broker Almost Lost $25,000

The oil & gas industry is becoming more dangerous for brokers and buyers — especially on LinkedIn.

Scammers today do not look unprofessional. In many cases, they follow real procedures, use convincing documents, and communicate like experienced traders.

Recently, the STOP OIL SCAM Team reviewed a case involving an EN590 transaction that could have cost a broker $25,000.

Fortunately, the payment was stopped before the damage was done.

The Deal Looked Real at First

A broker was searching LinkedIn for a genuine EN590 seller for:

• 100,000 MT trial

• 300,000 MT monthly contract

Soon after posting, he was contacted by a group claiming to represent a Russian supplier.

At first glance, everything looked normal.

They:

• followed standard procedures

• requested ICPO

• issued a CI

• shared POP documents

• communicated professionally

Nothing immediately looked suspicious.

The First Warning Signs

When our team reviewed the company details, several problems appeared very quickly.

We discovered that:

• the company was inactive

• it had links to a bankrupt entity

• no verified trading activity could be found

• important corporate information did not match

This raised serious concerns about the legitimacy of the transaction.

The $25,000 Request

Then came the biggest red flag.

Instead of continuing normal transaction procedures, the so-called seller requested a $25,000 payment to “move the deal forward.”

The broker nearly agreed because the expected commission from the transaction was significant.

This is exactly how many scams work:they create excitement around a large deal, build trust slowly, and then introduce a payment request before any real transaction exists.

One Verification Request Changed Everything

Before making the payment, the broker contacted our team for review.

After analyzing the documents and communication, we advised him not to proceed and requested one simple step:

👉 A proper live video verification between buyer and seller.

As soon as this request was made, both parties disappeared completely.

No further communication.No explanation.Nothing.

That single verification step likely saved the broker $25,000.

Important Lesson for Brokers and Buyers

Modern fuel scammers understand industry procedures very well.

They use:

• professional language

• polished POP documents

• fake refinery connections

• pressure tactics

• urgency around commissions

Many scams today begin directly through LinkedIn and target brokers looking for quick deals.

If anyone asks for upfront payments — especially from the broker side — stop immediately and verify everything properly.

Final Warning

A professional seller will never be afraid of verification.

Always verify:

• company registration

• refinery authorization

• transaction history

• corporate domains

• live communication

One proper due diligence review can prevent major financial losses.

📧 Need Help Verifying a Seller?

The STOP OIL SCAM Team investigates:

• EN590 sellers

• Jet A1 suppliers

• refinery claims

• POP documents

• company registrations

• fake mandates

• scam indicators

  
  

📧 info@stopoilscam.com

Stay alert.Verify first.Protect your capital.

— STOP OIL SCAM Team