Old Scam, New Twist Stings Member; CEOs Targeted In Fraud
Here's the 411 on the 419.
A member of Louisiana Federal Credit Union fell prey to a new twist on a decades old Nigerian-based scam (so-
In this case, the credit union member accepted a overseas bid for a used truck he had advertised for sale on the
And, according the CUNA Mutual, Credit Union CEOs are the targets of a separate scam allegedly from Africa. The
LFCU President/CEO Rhonda Hotard said her CU received the e-mail a few weeks back, but barely gave it a
"We just deleted it and laughed about it,'' she said.
Obviously, one member isn't laughing now.
Hotard said the 20-year old was taken for $7,800 after accepting the bid for his truck and receiving an "official
"And he did it,'' she said.
Hotard said employees at the Hammond branch "had a feeling something was not right'' when the member walked up
"He was adamant about it,'' Hotard said. "The credit union was busy so the branch manager asked him to sit down
She later called the member to tell him, "You've been taken. The check was counterfeit.''
By then, his money was long gone.
Hotard said the member's loss was covered by the CU's insurance policy with CUNA Mutual.
And, she said, the incident stopped at least one other person from falling into the same trap.
"He (the victim) said his sister was about to do the same thing,'' she said.
The credit union later learned that a customer of a local bank and CU members in Delaware had also been duped by
In this month's member newsletter, officials of the Delaware CU league reported that one credit union was hit twice
According to other sources, these victims are among a growing number of people - many of them credit union
After the arrests of three Nigerian immigrants in California in 2001, police found a list of targets that included 60
Hotard agreed with police that these types of scammers often target credit unions because they offer credit more
A statement issued earlier this month by Florida's Division of Consumer Commerce reported receiving numerous
According to the FDCC, those who fall for it are later contacted with a request for money to help get the millions out
Last year, Nigerian scams made Oregon Department of Justice's top 10 consumer complaints list. Officials reported
Similar complaints were reported in Pennsylvania and Canada.
The United States Secret Service, Department of the Treasury, said pitches involve everything from real estate