Jersey Residents Targeted By Payment Security Administration Flood Scam

“Tornadoes, earthquakes and hurricanes, oh my!”

Since April the East Coast has been hit with a handful of natural disasters that have left many at a loss when homes and personal items have been ruined if not destroyed.

The natural disasters have left many scared, lost and vulnerable. Which are three characteristics scammers prey upon. Enter stage left: Financial Recovery Awards from the Payment Security Administration.

The New Jersey Division of Consumer Affairs has issued a warning to homeowners being scammed by a mailing under this name.

Letters have been mailed to New Jersey residents recently affected by flooding with offers of up to $27,500 if they send a $29.97 processing fee to the company using a post office box in Canada. This payment can be made by check, money order, or credit card authorization.

Division of Consumer Affairs director, Thomas R. Calcagni, is warning residents that they are a great risk if they away a “processing fee” to this company. Calcagni warns that not only will your $29.97 be gone forever but you are handing over your bank account and routing information by a sending a check and/or your own personal authorization code for your credit card. – Source.

Please note: there is no such thing as the Payment Security Administration. I repeat…. THERE IS NO SUCH THING AS THE PAYMENT SECURITY ADMINISTRATION.

If any New Jersey residents have run into this scam you need to immediately contact the Division of Consumer Affairs at, or by calling 1-800-242-5846 (toll free within New Jersey) or 973-504-6200.

Has anyone come across one of these letters? We want to hear from you! Please, post a comment below.

If you have been scammed and would like to file a scam report, please click here.

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