A certain retailer may have some explaining to do very soon over its business practices. We heard that this company has a whole office set up in the Miami area for the sole purpose of re-invoicing invoices that accompanies their products being shipped into The Bahamas.
The products are purchased in bulk in China and elsewhere and are shipped to Miami where they carry another bogus invoice that marks the price way down before coming to Nassau. This company is an immensely successful company and the owners are from one of the top old boy UBP families from Bay Street.
The re-invoicing scheme is designed to take advantage of the lax controls at Bahamas Customs. Because the retailer is so “reputable”, nobody thinks twice about what appears on their customs forms. They mark the items down on a bogus invoice, send it to The Bahamas with the lower price and then charge customers based on the original price and keep the difference. The retailer’s scam came to light when an invoice was mistakenly included on the manifest of a recent shipment and the retailer’s in house broker wasn’t fast enough to catch it before it was spotted by Customs. Unfortunately, Customs was unawares and the scammers got off scot free.
So much for “crime doesn’t pay.”
I narrow it down to two and it might just be all two of them: John Bull and Kellys! Greed knows no bounds with some people.
They going to a lot of trouble to make the same money they would make if they just had better prices and the same service. I shop at all two but this is rediculous. How much more profit could they want? Christmas coming and i hope Customs do something about this the same way they was all over Mona Vie. Fair is fair.
They talking about this now at Customs. i know because I work there too.
I heard about this before. If this is the same company I am thinking of, they are also in the shipping business and ship in their own goods. During Christmas, their goods take priority on the boat and many smaller local merchants are left with stock that arrives too late to fully capitalize of the Christmas shopping season.