4/6/2023 0 Comments The secret society scam![]() citizen has a “secret” account established at a Federal Reserve Bank that could be used by that individual to buy items or pay off loans or debts. The Federal Reserve Bank of New York has become aware of a scam involving videos claiming that at birth, every U.S. The FOMC is not involved in the recovery of any accounts or funds, including cryptocurrency, and members of the public will never be contacted by anyone from or on behalf of the FOMC. It reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth. The FOMC is part of the Federal Reserve System, the nation's central bank. They will also try to get victims to divulge personal information, including banking information, perhaps to engage in future identify theft schemes. The fraudsters ask the targets of this fraud to pay a fabricated fee for the alleged recovery of the funds plus attorney's fees. If a target falls for the scam and pays these fees, this money will be stolen by the fraudsters. The Federal Reserve Bank of New York has become aware of a scam in which individuals claiming to be with the Federal Open Market Committee (FOMC) offer to assist in the recovery of "lost" cryptocurrency. If you have any questions, please contact the Federal Reserve Bank of New York's Financial Intelligence and Investigations Unit staff via the address.įederal Open Market Committee (FOMC) Scam Individuals do NOT have accounts at the Federal Reserve. The Federal Reserve is not involved in the recovery of any accounts or funds, including digital assets, and members of the public will never be contacted by anyone from or on behalf of the Federal Reserve in connection with such activities.Īdditionally, please be advised that the Federal Reserve provides banking services only for depository institutions like banks and credit unions. The fraudsters will also try to get victims to divulge personal information, including banking information, perhaps to engage in future identify theft schemes. If a target falls for this scam and pays these fees, this money will be stolen by the fraudsters. The fraudsters ask the targets of this fraud to pay a fee for the alleged recovery of the digital assets. The Federal Reserve Bank of New York has become aware of a scam in which individuals claiming to be Federal Reserve agents offer assistance to victims in the recovery of stolen digital assets.
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