Scam patterns
Virgin D2 scam
A long-running scam offering 'virgin' D2 diesel (EN590) at impossibly low prices via fake Russian procedures.
The Virgin D2 scam is one of the longest-running oil-trade fraud patterns. The setup: a broker offers "virgin D2 EN590" diesel, typically claiming Russian or Turkmen origin, at sub-market prices (often $150/mt below Platts).
The procedure always involves some combination of: "Russian Dutch-style procedure", pre-advice MT199, non-refundable PB (performance bond), tank storage receipts (TSRs) as proof of product, and a multi-party NCNDA/IMFPA chain with 5-10 brokers each demanding commission.
No actual cargo ever exists. The victim either pays a fee that disappears or wastes months on paper chains that terminate when real due diligence begins.
OilFlow Network publishes a scam taxonomy documenting every variant. Any listing matching this pattern is automatically rejected.
Related: EN590, LOI, Dutch-Procedure.
See also