Is this a scam?

mrsyardbroom
mrsyardbroom Posts: 2,032 Forumite
Part of the Furniture 1,000 Posts Name Dropper
edited 31 July 2023 at 1:05PM in Praise, vent & warnings
I keep seeing offers on social media that seem too good to be true. The maxim is, if it's too good to be true then it probably is. The offers I've seen say, the items are 'backlogs of stock from Amazon in our warehouse that have now reached their contract period and the products have not been disposed of in a timely manner. Our warehouse has the right to sell these stocks at a low price to reduce our losses.'
I've tried various searches on Google etc. but I can't seem to come to any conclusion as to whether this is legit or a scam. Has anyone seen these ads and bought any of the items? The comments on social media claim that the items have been ordered and they're excellent. I'm too suspicious to believe those comments.


Don't mess with pensioners. :cool:

Comments

  • HappyHarry
    HappyHarry Posts: 1,759 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    edited 28 July 2023 at 6:35PM
    Of course it’s a scam.

    If it were true (it is not remotely true) then Amazon would sell the stock in bulk rather than piecemeal to individuals. 

    If Amazon were selling stuff off cheaply, they would promote it on their website not on social media.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
  • mrsyardbroom
    mrsyardbroom Posts: 2,032 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    This isn't an individual. They claim to be a company that has bought in bulk from Amazon and they have an external website. There is no padlock in the address bar so no real info. I haven't put a link on here in case someone falls for it. I will try to contact Amazon. I won't be buying from them.
    Don't mess with pensioners. :cool:
  • sarah1972
    sarah1972 Posts: 19,384 Senior Ambassador
    Part of the Furniture 10,000 Posts Homepage Hero Photogenic
    Pmd the team to move on Monday as it’s not a grabbit x 
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  • mrsyardbroom
    mrsyardbroom Posts: 2,032 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Not sure where to post for this sort of thing.

    Don't mess with pensioners. :cool:
  • forgotmyname
    forgotmyname Posts: 32,853 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yes people buy pallets of returned goods and yes maybe 5% of the people saying they made a fortune what you don't get
    to hear about are the 95% that threw their money in the bin because everything on the pallet was broken or just not worth
    what they paid.

    Spend £500+ on a pallet and find its 300 sub 99p items and half of them are broken or its a faulty batch.

    Goto a proper auction and see what is  on the pallets or in the cages and see how much they sell for but watch out for the
    auction fee's.  My local auction charge 20% or 30% plus another 20% VAT.  So bidding £500 on a pallet  could be
    £700 to £800 when you come to pay.

    On viewing day you see buyers checking ebay/amazon etc. and also distribution warehouses.  One buyer paid £60
    for a plastic garden box/bench which would have been just over £90 but the same bench was on sale at B&Q for £50.
    So they almost double for a bench they cannot return even if its broken/missing parts.

    Censorship Reigns Supreme in Troll City...

  • mrsyardbroom
    mrsyardbroom Posts: 2,032 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I've found some information. It's a scam of course. Social media is becoming swamped with this kind of thing as more and more people jump on the greed machine. https://malwaretips.com/blogs/dtoolstore-top/?fbclid=IwAR3x_lWZvoj-FmxOIDsG17fkfqR0qzpU7O5oM9bAhk0PsBnI249gbIov-go

    Don't mess with pensioners. :cool:
  • forgotmyname
    forgotmyname Posts: 32,853 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Today it's that URL and tomorrow it could be something different.  The websites are setup to swap URL and names
    instantly. A few clicks and the website will be closed on one URL and open on another.

    I do wonder why some companies pay for a domain and website yet use generic email hosts. To me it looks
    unprofessional and makes me wonder if its a scam company.

    Censorship Reigns Supreme in Troll City...

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