What are some resources where I can learn how to avoid fraud?
As part of our commitment to prevent fraud in the financial and banking industry, Old Glory Bank is committed to informing you of ways to avoid fraud, scams, theft, and other methods criminals will use to attempt to steal your money.
The links below offer valuable information to help you avoid being a victim.
“Remember: If someone says they’re calling from the FTC and then demands money (for ANY reason) or demands your personal or financial information, that’s a scam.”
“Learn how to protect yourself from common scams that target consumers like you—and what to do if you're a victim.”
“Some money mules know they are supporting criminal enterprises; others are unaware that they are helping criminals profit.”
“[How to] report a scam, a company, or an unwanted call.”
“Consumers can report identity theft at IdentityTheft.gov, the federal government’s one-stop resource to help people report and recover from identity theft.”
“IdentityTheft.gov can help you report and recover from identity theft.”
“Learn about the latest scams, and get advice to help you avoid, report, and recover from them.”
“Scammers are using the Federal Trade Commission’s good name to try to trick people into paying them—or sharing personal information.”
In a romance scam, the scam artist may create a fake profile to develop a relationship with their
victim through online dating apps or social media websites. Once the relationship develops, the
scammer will create a convincing story and ask for money. After funds have been wired to a
beneficiary bank for the benefit of another party, it may be difficult to recall the funds as the
funds are often then moved to another bank. The scammer usually either disappears immediately
upon receiving the money or tries to get more money by continuing contact. You may review
more information regarding online dating scams in the October 2021 FDIC Consumer News
Article link above.
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If you have been a victim of a scam:
If you have been the victim of a wire transfer scam or a romance scam, we recommend you file a complaint directly with the Federal Trade Commission (FTC) or call the FTC’s Consumer Response Center at 1-877-FTC-HELP (1-877-382-4357). The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. You may also search for "Scams" on the FTC's website for guidance on additional steps you may take if you believe you were scammed.
Additionally, you may report this incident to the Internet Crime Complaint Center (ICCC). The ICCC is a central repository for complaints related to Internet fraud, developed by the Federal Bureau of Investigation and the National White Collar Crime Center. Complaints filed via this website may be referred to law enforcement/regulatory agencies for possible investigation.
For more information, please visit our web page on Consumer Awareness.