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International Monetary Fund Scam

International Monetary Fund Scam - The Beacon

11-2016

Our Sponsors

By: Jackie

International Monetary Fund Scam

Your BBB® has just received an alert from the International Monetary Fund (IMF) about scammers impersonating IMF officials. The scam begins with a letter, email, or Facebook post. It tells potential victims to contact the IMF for the issuance of a “Certificate of International Capital Transfer” or other forms of approval. Supposedly filling out this form and returning it to IMF would enable people to be the beneficiary of sizeable sums of money.

Callers to our office reporting this scam say they are told they will receive $250,000, and all they have to do is send $300 for paperwork and attorney fees via Fed Ex to an address in Florida. They are also told to send a photo ID. One caller has received over 60 texts from the scammers in the last five days. Information in the IMF alert says scammers also request the victim’s personal banking details.

The IMF states that they do not “authorize, verify, monitor, or assist in contract or inheritance payments between third parties and/or governments.” Furthermore, the IMF does not “endorse the activities of any bank, financial institution, or other public or private agency.” For clarification, the alert states that “the IMF is an inter-governmental organization whose transactions and operations are carried out directly with its member countries.”

Consumers who have received one of these scam emails, letters, or phone calls are advised to terminate all further contact with the scammers. If you have already sent funds to these scammers, IMF advises you to contact your local law enforcement agency immediately. You can also file a complaint with the FBI at www.ic3.gov.

Consumers may also report this scam on the BBB Scam Tracker at www.bbb.org/scamtracker.

For more information you can trust, visit bbb.org/evansville.

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Jackie

Jackie is the Operations and Education Foundation Assistant with the BBB. She assists consumers with business inquiries, and does presentations to senior groups and high school students. She is a regular contributor to the blog.