OFFICE OF THE CONTROLLER
June 11, 1997
ALL AT UCSD
SUBJECT: | Alert Regarding Potential Bank Account Scams |
It has recently come to our attention that a number of fax machines
have been in receipt of communications, supposedly from foreign
countries, offering substantial commissions in the millions of
dollars, for use of personal or business bank accounts through which
to transfer funds from foreign countries.
Please be aware that these offers could be arrangements to launder
money obtained through illegal means. These arrangements could also
provide the perpetrators with sufficient banking information to drain
and overdraw any personal or business bank accounts. Being a party to
the transactions being proposed could expose any individual to
substantial risk of personal loss and legal sanctions.
With the wide use of the internet and other communication means, such
as fax, it is impossible to prevent individuals from being exposed to
these types of "legitimate looking," but potentially extremely
hazardous, transactions.
We highly recommend that in all such cases, you apply the old adage of
"If it looks too good to be true, it probably is!" Please be alert to
these communications and protect yourself and your colleagues from
potential personal loss and unwitting involvement in illegal
activities.
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Don Larson
Controller |
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