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Apex System Provides Early Warning of Possible Instances of Fraudulent Double Brokering

Fort Worth, TX -- Apex Capital, a leading full service factor specialized in the trucking industry, is now providing early warning to its carrier clients of possible instances of fraudulent double brokering of freight, an all-too-frequent occurrence.

Apex has created an alert mechanism as part of its exclusive, leading edge information technology system. The alert mechanism uses the most predictive factors to identify when possibilities of fraud exist. Once the system finds a fraudulent profile, credit and collections specialists at Apex take immediate steps to address the situation, including prompt notification of Apex clients who have made or who will make credit inquiries concerning the suspect broker. Apex's goal is to protect its clients from fraudulent double brokering at the earliest possible stage.

In many cases double brokering of loads results in no harm to involved carriers, other than reduced profit margins and slower payment of transportation charges. Double brokering becomes a real problem, however, when fraud is the intent from the beginning.

Fraudulent double brokering typically involves an imposter motor carrier who takes a load from a legitimate broker and then re-posts the load on an internet load board at an inflated rate to lure in an unsuspecting legitimate motor carrier to transport the freight. The imposter has no intention of ever paying the legitimate motor carrier. Once they receive an invoice and evidence of completed shipment from the true motor carrier, the imposter submits its own invoice to the first broker, collects payment and disappears.

David Baker, President of Apex Capital, warns all motor carriers: "Be sure you are dealing with a reputable broker who has been in business for a while.  Always be on the lookout for rates that seem too good to be true."

About Apex Capital
Apex Capital (www.ApexCapitalCorp.com), based in Fort Worth, TX, is the leading full service factor specialized in the trucking industry. The 12-year-old factoring firm delivers competitive advantage to clients throughout the United States providing the highest level of service to clients through personal attention and superior technology. In 2006 Apex was voted by its own employees as one (#11) of the Top 60 Companies to Work for in Texas.