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June 6, 2007
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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 emails, 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 email 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 email address, telephone and facsimile numbers contained in the correspondence, are not those of any OCC office or official.
These emails 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.
Consumers who receive counterfeit or fictitious items and associated material should file complaints with the following agencies, as appropriate:
Additional information concerning this matter that should be brought to the attention of the Office of the Comptroller of the Currency (OCC) may be forwarded to
Office of the Comptroller of the Currency
Special Supervision Division
400 7th St. SW, Suite 3E-218; MS 8E-12
Washington, DC 20219
Phone: (202) 649-6450
Fax: (571) 293-4925
For additional information regarding other types of financial fraud, please visit the OCC's anti-fraud resources page.
Richard C. Stearns
Director for Enforcement & Compliance