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Tuesday, May 3, 2016

Citizens Bank alters SL

Monday, April 22, 2002

New fraud scheme

A new fraud scheme is apparently using fictitious IRS forms and fraudulent bank correspondence to steal the identities and money of banking customers.

Officials of Citizens First National Bank in Storm Lake received notice of the problem from the Currency Administrator of National Banks this week, and hope to alert the community to the potential problem.

The false forms are used to get target persons to reveal their personal and banking information. The criminal then is able to contact the customer's bank with possession of all the necessary customer information to appear credible.

In one example of the fraud, a letter sent to customers purports to involve the updating of resident and non-resident alien and citizenship records, and includes a false form labeled as an IRS "W-9095 - Application Form for Certificate Status/Ownership for Withholding Tax." It is to be filled out and faxed to a phone number. The form would provide the criminal with banking account numbers, password and PIN codes, taxpayer identification or Social Security number, bank account officer and information on the most recent deposit made.

Customers who have completed the fictitious form are being urged to contact all financial institutions where they do business, fraud departments of the three major credit bureaus, chane account numbers and passwords, and report the incident to local police and the IRS. Anyone who is sent a suspect form should contact the IRS for more information even if they haven't returned the form. The number is 1-800-829-0433. For more information, contact your local bank or the Federal Trade Commission web site:www.consumer.gov/idtheft/victim.

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