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Beware of the Capital Currency Control Certificate Scam

Fictitious correspondence, allegedly issued by the Office of the Comptroller of the Currency (OCC) regarding funds purportedly under the control of the OCC and possibly other government entities, is in circulation. Correspondence may be distributed via e-mail, fax, or postal mail.

Any document claiming that the OCC is involved in holding any funds for the benefit of any individual or entity is fraudulent. The OCC does not participate in the transfer of funds for, or on behalf of, individuals, business enterprises, or governmental entities.

The correspondence may indicate that funds are being held by Bank of America and that the recipient will be required to pay a mandatory administrative charge for an issuance of a Capital Currency Control Certificate to release the funds to the beneficiary.

Below are copies of the fraudulent documents, which include a solicitation as well as an invoice. This material is being sent to consumers in an attempt to elicit funds from them and to gather personal information to be used in possible future identification theft.

Beware of the Capital Currency Control Certificate Scam

Beware of the Capital Currency Control Certificate Scam

The correspondence in question contains the name of a fictitious OCC employee. In addition, the material contains telephone numbers, addresses, and e-mail addresses that are not associated with the OCC or Bank of America.

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, recipients should take steps to verify that the proposal is legitimate. At a minimum, the OCC recommends that consumers:

Beware of the Capital Currency Control Certificate Scam
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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