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Important Alerts
- Fraud scheme that uses fictitious Internal Revenue Service (IRS) forms and fraudulent bank correspondence. The customer receives a letter on bank stationary (counterfeit) with phony IRS forms asking for personal and banking information. There is usually a postage paid envelope enclosed addressed to a post office box, or a request to FAX the information, with the FAX number noted. The purpose, of course, is identity theft. Reports are that many unsuspecting customers have already responded. It is suggested you close any accounts for them immediately, open new ones, and advise your customers to contact the credit bureaus.
- Official documents stolen from Denver, Colorado, including 2,000 blank birth certificates, 305 death certificates, and an official seal.
- The regulatory agencies have been alerted to fraud schemes involving organized gangs and newly hired bank tellers. Organized gangs are aggressively recruiting bank tellers to cash forged savings account withdrawals from customer accounts, and to cash stolen U.S. Treasury checks. These gangs are using coercion and threats of bodily harm to persuade individuals to assist them. In some cases, tellers already employed by financial institutions are being recruited. More commonly, individuals are being encouraged by gang members to apply for teller positions for the sole purpose of providing access to the institution's operating systems and customer information. Financial institutions are cautioned to use extra care and due diligence in their hiring practices, and to carefully evaluate internal controls.
More details on these alerts and many others are available at www.BankersOnline.com - click on Security, and then scroll down and click on the red "Alerts and Counterfeits" sign.
Copyright © 2002 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 12, No. 4, 5/02
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