Just seen a thread on someone who sold jewels to some foreigners and is waiting to receive the cash. Seems the buyers have dissapeared.
Had the same experience in late 2009. It was the MTV Awards.
I was contracted to supply some event equipment by the Southafricans who were organising the event (VWV Group,
http://www.vwv.com). I insisted on Cash but was persuaded to take an LPO as the company was respected in the Media industry. I took the LPO. Worst mistake.
Till today, I still hold the LPO for pesa kidogo. They keep throwing me to ask for the money from another media organisation in Kenya (Blue Sky) who really did not contract me.
Has anyone else been conned by a blue chip esp. a foreign company??