INTERNATIONAL SCAM TARGETS MONTANANS WITH FRAUDULENT UNCLAIMED MONEY SCHEME
Bank of Jamaica/Bank of America unclaimed money scheme appears fraudulent
The Montana Securities Department has received inquiries regarding a Bank of Jamaica/Bank of America unclaimed money scheme. It appears that this unclaimed money program is fraudulent.
Montanans are receiving phone calls from a man identifying himself as “Mr. Clark.” Mr. Clark instructs individuals to immediately contact either “Mr. John White” or “Mr. Michael Spence” at a Bank of America branch office in Las Vegas regarding $350,000 being held in their name at the Bank of Jamaica. The phone numbers for these two men, (876) 465-1931 and (876) 576-8828 are not for a Bank of America Las Vegas branch office but are, instead, offshore numbers. Individuals calling the number are instructed to immediately purchase a Western Union Money order payable to “O’Shane Price” and send it to Jamaica. The money order is to cover the cost of getting them their unclaimed money. People are being told that once their money orders reach Jamaica, representatives of the Bank of America will hand deliver a check in the amount of $350,000, just in time for the holiday season.
Bank of America does not operate an unclaimed money locating service, nor does it employ Mr. Clark or Mr. Spence to cold call individuals. The company takes fraud seriously and has a team of fraud experts dedicated to preventing, detecting and investigating fraud.
The recent globalization of the world financial markets has fueled not only a high demand for U.S. stocks, but also an equally high level of international fraud. The Montana Securities Department suggests investigation of any investment opportunity before you invest. Should you have any questions about the legitimacy of an investment opportunity offered to or sold from Montana, or should you be interested in contacting the Department, please visit our website at www.sao.state.mt.us or call us at (800) 332-6148.