Frauds and Scams

“Criminals sometimes invoke the name of the Federal Reserve to deceive the public.”

Resource Details

When

Anytime

Where

Online

Cost

Free

Program Rating

Want to leave a review?

Sign Up Today
  • Star Filled In Star Half Star
  • Star Filled In Star Half Star
  • Star Filled In Star Half Star
  • Star Filled In Star Half Star
  • Star Filled In Star Half Star
Description

Frauds and Scams

Criminals sometimes invoke the name of the Federal Reserve to deceive the public. The Federal Reserve Bank of New York, in conjunction with law enforcement authorities, investigates complaints of fraud using its name.

IN FOCUS

Beware of solicitations promising consumers access to personal loans through a nonexistent Federal Reserve lending program. Under this fraudulent scheme, targeted individuals are told that that they can work through a broker to access a Federal Reserve program that extends sizable secured loans to consumers.

Related Resources