The Commodity Futures Trade Commission (CFTC) issued public warnings about fraudsters pretending to be officers of the inspectors’ office and provided false promises to collect lost money. According to WatchDog, these scammers often contact individuals who are previous victims of financial fraud that they claim to represent the CFTC.
They present themselves as part of a legitimate government effort to help regain lost funds in previous frauds, particularly frauds involving foreign accounts. Regulators urge anyone contacted by someone who claims to come from the CFTC to pay attention.
Criminals are using previous fraud
Individuals should not share sensitive information such as financial account numbers, social security numbers, or digital wallet private keys. This warning adds to the nasty tendency for criminals to leverage previous scams to deepen their losses.
“The scammers are contacting the public and claiming to represent the inspector’s CFTC Bureau,” the CFTC said today. “These scammers are committed to helping victims of financial fraud recover lost funds from foreign bank accounts.
By impersonating federal officials and exploiting hopes for reparations, they manipulate victims into new vulnerabilities. The CFTC encourages the public to verify outreach from the institution and report suspicious interactions.
Expect continuous updates as this story evolves.
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