January 26, 2012 8:14
An official looking email comes from Twitter. It warns that another is saying bad things about you or your business. Or some other warning to entice you to click on the link. Don't. These are very likely scams seeking to lure you to a site to install malware or gain access to information on your computer.
Always log on to your Twitter or social media accounts directly at the site, not by following links sent to you.
December 21, 2011 2:10
Please beware of the following scam email in circulation which claims to be from the FDIC. The email contains a dangerous link. If you are ever unsure of an email, please give us a call at 734-662-1600.
Subject of the email: Each depositor insured to at least $250,000 per insured bank
Content of email message:
Due to the adoption of a new security system, that is aimed at diminishing the number of cases of fraud and scams, all your ACH and WIRE transactions will be blocked until you update your security version in compliance with our new requirements.. In order to re-establish the full functioning of your account, we urgently prompt you to install a special security software. Please open the link below --------- to read the instructions and download all the necessary files.
We apologize for causing you inconveniences by this measure.
Please do not hesitate to contact us if you experience any problems.
Federal Deposit Insurance Corporation
November 17, 2011 10:28
Most of us are familiar with fraud involving automobiles being sold over the Internet. A fraudster will post a nonexistent vehicle for sale on the Internet, typically a luxury or sports car. The details of the vehicle, including photos and description, are typically lifted from legitimate websites. An interested buyer, hopeful for a bargain, responds and is told that the vehicle is located overseas. The fraudster then instructs the victim to send a deposit via wire transfer to initiate the shipping process.
In a new twist to this scam, the fraudster advised there was an issue with the initial wire transfer and sent the victim a cashier's check. The victim was instructed to cash the check and resend a second wire to a different account. Unaware that the check was counterfeit, the victim followed through as instructed by the fraudster. This resulted in the victim getting duped two times and the fraudster accomplishing his "double-dipping" strategy.
Victims should be vigilant when an Internet transaction involves wire transfers and cashier's checks. Most individuals believe that cashier's checks are as good as cash and they clear the day after they are deposited. However, banks are required to make the funds "available" in the individual's account within 48 hours, which can be days before the cashier's check clears or bounces. Once the bank makes the funds available, the counterfeit check circulates to incorrect Federal Reserve locations. Generally, the average cashier’s check takes up to two weeks to clear, not two days. The bottom line: fraudsters understand the U.S. banking system process and capitalize on victims' misconceptions of the term "available funds."
The IC3 has posted multiple alerts warning consumers of various types of counterfeit check scams. The most recent warning was in the IC3 Scam Alert, May 10, 2011, which is available at: http://www.ic3.gov/media/2011/110510.aspx.
To learn more on this scam, prevention tips, and available resources, consumers can visit LooksTooGoodToBeTrue's Types of Fraud page on counterfeit checks at the following link: http://www.lookstoogoodtobetrue.com/fraudtypes/counterfeitcheck.aspx.
January 13, 2011 8:49
E-mails fraudulently claiming to be from the Federal Deposit Insurance Corporation (FDIC) are attempting to get recipients to click on a link, which may ask them to provide sensitive personal information. These e-mails falsely indicate that FDIC deposit insurance is suspended until the requested customer information is provided.
The fraudulent e-mail informs the recipient that “in cooperation with the Department of Homeland Security, federal, state and local governments…” the FDIC has withdrawn deposit insurance from the recipient’s account “due to account activity that violates the Patriot Act.” It further states that deposit insurance will remain suspended until identity and account information can be verified using a system called “IDVerify.” If consumers go to the link provided in the e-mail, it is suspected they will be asked for personal or confidential information, or malicious software may be loaded onto the recipient’s computer.
If you receive this email do NOT access the link provided within the body of the e-mail and do not under any circumstances provide any personal information through this media. The FDIC is attempting to identify the source of the e-mails and disrupt the transmission. Help them out by reporting any similar attempts to obtain this information by sending information to email@example.com.
Read the full alert from the FDIC.
November 29, 2010 1:35
The Internet Crime Complaint Center (IC3) continues to receive reports of letters and emails being distributed pursuant to prize sweepstakes or lottery schemes. These schemes use counterfeit checks that bear legitimate-looking logos of various financial institutions to fool victim into sending money to the fraudsters.
Fraudsters tell victims they won a sweepstakes or lottery, but to receive a lump sum payout, they must pay the taxes and processing fees upfront. Fraudsters direct individuals to call a telephone number to initiate a letter of instructions. The letter alleges that the victim may elect to take an advance on the winnings to make the required upfront payment. The letter includes a check in the amount of the alleged taxes and fees, along with processing instructions. Ultimately, victims believe they are using the advance to make the required upfront payment, but in reality they are falling prey to the scheme.
The victim deposits the check into their own bank, which credits the account for the amount of the check before the check clears. The victim immediately withdraws the money and wires it to the fraudsters. Afterwards, the check proves to be counterfeit and the bank pulls the respective funds from the victim's account, leaving the victim liable for the amount of the counterfeit check plus any additional fees the bank
Persons may fall victim to this scheme due to the allure of easy money and the apparent legitimacy of the check the fraudsters include in the letter of instruction. The alleged cash prizes and locations of the financial institutions vary.
Tips to avoid being scammed:
- A federal statute prohibits mailing lottery tickets, advertisements, or payments to purchase tickets in a foreign lottery.
- Be leery if you do not remember entering a lottery or sweepstakes.
- Beware of lotteries or sweepstakes that charge a fee prior to delivering your prize.
- Be wary of demands to send additional money as a requirement to be eligible for future winnings.
If you have been a victim of this type of scam or any other cyber crime, you can report it to the IC3 at: www.IC3.gov. The IC3 complaint database links complaints for potential referral to law enforcement for case consideration. Complaint information is also used to identify emerging trends and patterns to alert the public to new criminal schemes.
April 22, 2010 12:28
The Office of Financial and Insurance regulation (OFIR) and Allstate Insurance Company are working together to warn consumers of an international mail fraud scheme.
An OFIR employee received a counterfeit check that appeared to originate from Allstate. The fraudulent check was issued for $4,970.20 and came with a letter informing the recipient that they won a $250,000 "Consumer's Promotion Draw" for consumers who shop at a number of the nation's major stores. The letter also explains the $4,970.20 check was issued to cover the "Non-Canadian Residential Tax" The consumer will have to pay to a tax agent. The consumer is also expected to pay $200 in insurance and delivery charges. The individuals sending these letters and counterfeit checks have no affiliation with Allstate and are illegally using the company's name.
Michigan consumers who receive or have received what appears to be a $4,900 check from Allstate should immediately contact OFIR toll-free at 877-999-6442 and the agency can direct their call to the proper authorities.
March 11, 2010 8:38
Individuals need to be cautious when posting rental properties and real estate online. The Internet Crime Complaint Center continues to receive numerous complaints from individuals who have fallen victim to scams involving rentals of apartments and houses, as well as postings of real estate online. Click here to read more.
March 3, 2010 9:43
Have you received a phone call that your debit card has been deactivated? Don't respond or provide any information. This is a phishing attempt to gain PINs or other personal identifying information. Bank of Ann Arbor reminds you that we will never call you to ask for your account number or any identifying information. When in doubt, don't. Call us at 734-662-1600.