Fraud Enforcement and Recovery Act Scam: How It Works
(with video below) Be aware of the Fraud Enforcement and Recovery Act Scam aka the Victims of Crime Compensation Fund Scheme happening these days. It could be an email or a phone call. It could affect you regardless if you've been a past victim of a fraudulent activity or not. Many scam emails and conversations with the scammers are posted in the Comments section below. How does the scam work?
Watch the video below to see in action the Victims of Crime Compensation Fund Scam exposed:
Soon after losing money to scam, a victim is contacted by someone claiming to be a law enforcement officer. The victim is informed that a series of scammers have been arrested and luckily most of the funds have been recovered.
In reality, the sender of the message is the same scammer but now is impersonating an authority in the country/state the scam came from, such as EFCC Nigeria (Economic and Financial Crimes Commission) or even a personality like Michelle Obama!
The victim is guaranteed recovery of the money once providing all the necessary documentation (ID as "proof they are the real victim") along with a "processing and insurance purposes fee". This way, the victim not only is scammed again, but gives all their personal information to the scammers as well.
Typically, the scam emails come with a subject title such as: "United Nations Scam Victims Compensation Payment" or "Fraud Enforcement and Recovery Act: Your payment". There is an example of such e-mail, featuring the first title:
SCAM VICTIM COMPENSATION PAYMENT VIA ATM CARD.
BANK OF AFRICA/UNITED NATIONS
2012 COMPENSATIONS PAYMENTS DIRECTIVE.
SCAMMED VICTIM/1 MILLION BENEFICIARY.REF/PAYMENTS CODE:06654 1MILLION USD
This is to bring to your notice that I am delegated from the United Nations and Bank Of Africa to pay 100 Benin Republic 419 scam victims $1 Million each, you are listed and approved for this payments as one of the scammed victims,get back to us as soon as possible for the immediate payments of your $1 Million compensations funds.
On this faith full recommendations,I want you to know that during the last UN meetings held at Proto Novo,Capital Of Benin Republic,it was alarmed so much by the rest of the world in the meetings on the lose of funds by various foreigners to the scams artists operating in syndicates all over the world today,in other to retain the good image of the country,the president of the country is now paying 100 victims of this operators $1Million USD each,Due to the corrupt and inefficient banking systems in Benin Republic,the payments are to be paid by Bank Of Africa as corresponding paying bank under funding assistance by the National Westminster bank London.
According to the number of applicants at hand,84 beneficiaries has been paid ,half of the victims are from the United States and Asia,we still have more 16 left to be paid the compensations of $1Million each. Your particulars was mentioned by one of the syndicates who was arrested in Cotonou as one of their victims of the operations,you are hereby warned not to communicate or duplicate this message to him for any reason what so ever,the US secret service is already on trace of the criminal,You can receive your compensations payments via ATM CARD PAYMENT. Furthermore you are advice to reconfirm you billing address include your full name and direct contact telephone number to the Managing
Director Swift Card Consultant Payment Center for the certified ATM Card, the contact information is as follows:
MANAGING DIRECTOR SWIFT CARD
CONSULTANT PAYMENT CENTER.
GROUP BANK OF AFRICA COTONOU BENIN
How to avoid the Victims of Crime Compensation scam:
Have you ever heard the expression: "Fool me once – shame on you, fool me twice – shame on me?" If you just receive this out of the blue, just delete it. Bad grammar in an 'official' letter is never a good thing.
How to report the Victims of Crime Compensation scam:
Make your family and friends aware of the Fraud Enforcement and Recovery Act Scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
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