Federal Reserve Board Alerts Public to Instances of Questionable Solicitations
Directed at Consumers
The Federal Reserve Board is alerting the public to instances of
questionable solicitations directed at consumers. These solicitations promise consumers access to personal
loans through a nonexistent Federal Reserve lending program. Under this fraudulent scheme, targeted
individuals are told that that they can work through a broker to access a Federal Reserve program that
extends sizable secured loans to consumers. Consumers are encouraged to deposit large sums of money into
a bank account, under the guise of a security deposit, in order to receive the purported loan. The Federal
more...">Read more...
