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1. People also ask

   Is the Federal Reserve Bank a scam?

   • It stated that any video, text, email, phone call, flyer, or website that describes how to pay bills using a Federal Reserve Bank routing number or using an account at the Federal Reserve Bank is a scam. Please be advised that the Federal Reserve provides banking services only for depository institutions like banks and credit unions.

   Scams Involving the Federal Reserve Name - Federal Reserve Bank of N…

   www.newyorkfed.org/banking/frscams.html

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   Are Federal Reserve consumer help emails fraudulent?

   • We have received reports of fraudulent emails circulating to banks and credit unions claiming to be from Federal Reserve Consumer Help (FRCH) regarding complaints filed by customers against the bank or credit union. FRCH has confirmed that these messages are fraudulent.

   OIG: Fraud Prevention - Federal Reserve

   oig.federalreserve.gov/fraud-prevention.htm

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   How do I report a Federal Reserve scam?

   • If you wish to report these or other scams fraudulently using the name of the Federal Reserve, please contact the OIG Hotline. You can also learn more from the Federal Reserve Bank of New York. Scams using the name of another agency should be referred to that agency's office of inspector general.

   OIG: Fraud Prevention - Federal Reserve

   oig.federalreserve.gov/fraud-prevention.htm

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   Are these emails from the Federal Reserve spoofed?

   • The emails are spoofed, or forged, so they appear to be from a legitimate Federal Reserve email account. The individuals sending the emails claim to be in possession of ATM cards belonging to Federal Reserve officials, including the current and former chairs. They claim that you can receive the cards after paying certain fees by way of gift cards.

   OIG: Fraud Prevention - Federal Reserve

   oig.federalreserve.gov/fraud-prevention.htm

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2. www.federalreserve.gov › fraud-scamsFederal Reserve Board - Protect Yourself from Fraud and Scams

   www.federalreserve.gov › fraud-scams

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   Jun 4, 2021 · Common scams using the Federal Reserve's name: E-mails claiming that you are eligible to receive a large sum of funds (inheritance, lottery winnings, wire transfer, etc.) from the "Federal Reserve Bank". Robo calls claiming that the Federal Reserve has a warrant for your arrest. Phishing – communication made via email or on social media ...

3. www.newyorkfed.org › banking › frscamsScams Involving the Federal Reserve Name - FEDERAL RESERVE ...

   www.newyorkfed.org › banking › frscams

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   The Federal Reserve Bank of New York is aware of an ongoing scam that involves fraudsters claiming to be from the Federal Reserve (sometimes using the name James Carter) contacting the public through unsolicited phone calls or emails regarding a fictitious $7000 federal grant.

4. Videos

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     The Federal Reserve Scam Exposed In Detail

     Mar 25, 2013

     23.5K Views

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     1:38

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     Biggest Scam in History - The Federal Reserve System

     Aug 23, 2011

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     7:09

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     The Biggest Banking Scam of All Time Explained In 7 Minutes

     Jul 8, 2016

     23K Views

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5. www.federalreserveconsumerhelp.gov › consumerScam Communications | Federal Reserve Consumer Help

   www.federalreserveconsumerhelp.gov › consumer

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   Nov 28, 2023 · Fraudsters are using letters, emails and/or telephone calls, or videos on social media to harm consumers. Some of the communications allege to be from actual employees of the Federal Reserve, including, in some cases, Chair Janet Yellen.

6. www.federalreserveconsumerhelp.gov › learnmoreIdentity Theft / Frauds and Scams - Federal Reserve Consumer Help

   www.federalreserveconsumerhelp.gov › learnmore

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   Nov 28, 2023 · Fraud and Scam Warnings. Information and warnings, posted by the Federal Reserve System and other authorities, about fraud using the Federal Reserve's name. Inflation-Related Scams (FTC) Prices and scammers are on the rise. Learn how to spot and avoid inflation-related scams.

7. oig.federalreserve.gov › fraud-preventionOIG: Fraud Prevention - Federal Reserve

   oig.federalreserve.gov › fraud-prevention

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   OIG: Fraud Prevention. Fraud Prevention. Fraud Alerts. Criminals sometimes invoke the name of the OIG or the Federal Reserve to deceive the public. Please be aware of the following fraud scams. Fraudulent Emails Claiming to Be From Federal Reserve Consumer Help to Banks and Credit Unions.

8. www.federalreserve.gov › mediacenter › filesPhishing Scams Transcript - Federal Reserve Board

   www.federalreserve.gov › mediacenter › files

   Jun 15, 2021 · 2021. Phishing Scams Transcript Federal Reserve Board. NARRATOR. If you get an email or social media message, supposedly from the Federal. Reserve, saying they need your Social Security and bank account numbers before they transfer. funds to you, don’t take the bait! DO NOT share any personal information or click on any links.