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Subject: Fraudulent Regulatory Agency Issuances
Date: June 6, 2007
Description: Fraudulent Correspondence Attributed to Officials of the Office of the Comptroller of the Currency
Fraudulent correspondence regarding the release of funds supposedly under the control of Office of the Comptroller of the Currency (OCC) officials
To: Chief Executive Officers of All National Banks; All State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Director, Office of Thrift Supervision; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel; and All Examining Personnel
Please be advised that correspondence in the form of e-mails, faxes, and postal mail allegedly issued by the OCC regarding restricted funds supposedly under its control continue to circulate. Any documents claiming that the OCC is holding, or has placed a hold on, any funds for the benefit of any individual or entity are fraudulent. The OCC does not participate in the transfer of funds for, or on behalf of, individuals, business enterprises, or governmental entities. Additionally, the OCC does not establish, maintain, or control any deposit accounts for, or in the name of, any individuals, businesses, or governments.
The correspondence in question, which contain forged signatures of actual OCC officials, falsely claim that the OCC or other federal bank regulatory agency is holding payments owed by foreign governments or foreign organizations. The correspondence encourages the recipient to reply by telephone or e-mail so that the funds can be released, warning that a delay in responding might cause the OCC to cancel the obligations due to the recipient. Of course, the e-mail address, telephone and facsimile numbers contained in the correspondence, are not those of any OCC office or official.
These e-mails are originating from many sources throughout the world. They appear similar to documents referenced in previous OCC alerts. See also OCC Alerts: 2006-68, 2005-12, 2004-3, 2004-11, and 2001-5 and their attachments.
Before responding in any manner to any proposal supposedly issued by the OCC that requests personal information or personal account information, or that requires the payment of any fee in connection with the proposal, you should take steps to verify that the proposal is legitimate. At a minimum, the OCC recommends that you:
Any information regarding the subject of this or any other alert that you wish to bring to the attention of the OCC may be sent to firstname.lastname@example.org.
Richard C. Stearns