The Dictionary of Financial Scam Terms: The truth vs. the scam

 

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 You are here: Home > Dictionary > Bank examiner scheme 

 

Bank Examiner Scheme

 

The targeted victim, usually an elderly person, receives a phone call from a scammer posing as a bank examiner or police officer who states that help is needed to catch a dishonest teller.  The call may even be a bit intimidating depending on the target's response.  The victim is asked to withdraw a large sum of money in cash, often $10,000. or more, and carry it to a 'bank examiner' or 'detective' or other 'official', waiting outside the bank.  The victim is reassured the money will be re-deposited in the victim's account, but unfortunately the funds are only deposited into the scam group's pockets.  This is a very common scam, and any phone call asking for the withdrawal of funds should be viewed with suspicion and reported to the police immediately

 

 

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