Treasury Department warns of solicitations

scamwatch

August 31, 2008|By Dan Thanh Dang

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury, is warning the public to be wary of continuing financial scams that attempt to solicit funds from unsuspecting victims.

Some scams involve individuals misrepresenting themselves as FinCEN officials and some involve the fraudulent use of FinCEN's seal in a letter or e-mail claiming to be official correspondence. The scams often involve the enticement of a phony inheritance or sum of money and claims that FinCEN is holding or blocking the transfer of funds. In order to unblock those funds, recipients are encouraged to share financial information with the sender.

Recipients of these letters or e-mails should not respond to the messages and should not send money or provide any personal or confidential information.

FinCEN says it does not send unsolicited requests and does not seek personal or financial information from members of the public. FinCEN also does not have authority to freeze assets or block funds transfers. Should any of the correspondence purport to be from an overseas FinCEN office, consumers should be aware that FinCEN does not have any offices outside of the United States.

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