An individual attempted to obtain a 25% “finder’s fee” for assisting a retired United Airlines Inc. (UAL) flight attendant with obtaining a PBGC pension benefit to which she was entitled. He may be doing this with other UAL flight attendants, as well.
The individual called the retired UAL flight attendant and informed her that he was an attorney specializing in bankruptcy. In exchange for researching and locating UAL assets, including a search with PBGC, he asked that she sign a Finder’s Fee Agreement which he mailed to her. Later, he asked that she execute a power of attorney so that he could represent her before the PBGC.
PBGC does not use third parties to assist participants in getting their benefits. If a participant contacts you stating that they have received an offer similar to that just described, please inform them that they do not need a third party’s assistance to get their benefits. Also, inform the participant that the caller is not affiliated with PBGC. Have the participant provide you with as much information as possible about the individual attempting to obtain the finder’s fee and report the incident to the PBGC Office of Inspector General.
For more information about reporting suspected fraud, waste, or abuse to the Office of Inspector General, please call Acting Assistant Inspector General for Investigations Curtis Flood at ext. 3104, Special Agent Charles Jones at ext. 3315, Special Agent Claressia Jones at ext. 3685, or Special Agent John Miller at ext.6991. (TTY/TDD Users: 202-326-4115)
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