Alert 2011-9| November 16, 2011
Fraudulent Bank Comfort Letter: Fraudulent Correspondence Purportedly Issued by PNC Bank, N.A.
Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel and Examining Personnel
The Office of the Comptroller of the Currency (OCC) has been informed that a fraudulent “Bank Comfort Letter” purportedly issued by PNC Bank, N.A., is in circulation to various financial institutions for the benefit of Nigerian National Petroleum Corporation. The letter references a purported contract with a potential reference number of OZ/NNPC/BLCO/AUG11 relative to Oznomics (“Oznomics”). This letter or any other document relative to this matter is not a genuine bank document, has not been authorized by PNC Bank, N.A., or any of its affiliates (together or individually, PNC), and is not a legal, valid, or binding obligation of PNC.
PNC has stated that it has no credit or trade services relationship with Ozmonics. Any purported obligations and/or commitments from PNC purportedly related to Ozmonics are fraudulent and should not be relied upon.
Any information pertaining to this situation should be brought to the attention of Jonathan Mastrangelo, PNC Bank, N.A., at (412) 762-6494 or via email at firstname.lastname@example.org.
Additional information concerning this matter that you believe 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
Richard C. Stearns
Director for Enforcement & Compliance