Scammer Posing As FDIC Investigator Dupes Wells Fargo Customer Into Handing Over Nearly $60,000: Report
A fraudster posing as an investigator with the Federal Deposit Insurance Corporation (FDIC) scammed a Wells Fargo customer out of tens of thousands of dollars.
According to a new report by KOB4, a local news outlet in New Mexico, a woman was contacted by a scammer pretending to be an employee of the FDIC – the government agency that insures banks – and convinced her to hand over $60,000.
The victim says the fraudster told her that her account was under investigation and needed to be cleared out. She also said that the bad actor somehow also locked down her cell phone – she couldn’t make outgoing calls, send texts or open any apps, only receive incoming calls.
However, she was told that a courier would come and pick up the cash from her. She said someone appeared with an FDIC badge, collected the cash, and unlocked her phone for her.
Days later, she contacted the man asking for her check and was told that it was coming. She said that at this moment, she knew she was likely never getting her funds back.
When the new agency reached out to Wells Fargo, they got a response saying the bank never experienced a security breach. As stated by the bank, according to the report,
“We deeply empathize with people affected by financial scams and understand the significant emotional and financial toll on its victims. If you are asked to send a payment, hand over cash, your debit card, move your money, or withdraw your funds to prevent or stop fraud in your account, it’s a scam. Immediately report that to your bank and law enforcement.”
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Crypto's Battle for Dominance: Ethereum and Solana Emerge as Leading Survivors Over Competitors
- Arthur Hayes, BitMEX co-founder, asserts Ethereum and Solana are the only viable long-term layer-1 blockchains, dismissing projects like Monad as "zero" with inevitable collapse. - He highlights Ethereum's institutional adoption, security, and scalability as key advantages, while Solana faces challenges sustaining growth amid waning meme coin momentum. - Hayes predicts market consolidation, noting most L1s lack real-world utility, and criticizes Monad's speculative hype despite its short-lived price surg
BNB News Update: BNB Faces Key Support—Will It Bounce Back or Continue Falling?
- Binance Coin (BNB) tests critical support near $836.72 as RSI hits oversold 29.78, signaling potential short-term reversal. - CoinCodex forecasts bearish 2025 outlook with $895.73 average price, while 2026 projections mirror 2025's $830.27-$970.50 range. - Key support at $790.79 and resistance at $885.45 identified; breakdown below $790.79 risks $750-$760 correction. - Long-term analysis shows 60% bearish indicators, 28 Fear & Greed Index, and negligible chances of reaching $1M by 2050. - Price remains c
A Rapid Strategic Shift That Signals Trouble for Smaller Crypto ETF Entrants
Quick Take Summary is AI generated, newsroom reviewed. CoinShares withdrew XRP, Solana and Litecoin ETF plans due to a crowded U.S. market. The firm says shrinking margins make new launches less profitable. U.S. crypto regulations add complexity and delay strategic expansion. CoinShares will focus on global markets with clearer rules and stronger demand.References 🚨COINSHARES DROPS XRP, SOL & LTC ETF PLANS CoinShares has withdrawn its planned U.S. ETFs for XRP, Solana staking, and Litecoin. The firm says
XRP ETF Inflows Surge as Institutions Accelerate Accumulation
Quick Take Summary is AI generated, newsroom reviewed. XRP ETFs posted inflows in 9 of the last 10 sessions, totaling $643 million. Largest single-day inflow hit $243 million on November 14. Institutional demand rising after XRP gained regulatory clarity in 2025. Inflows outpace early Solana ETF performance.References X Post Reference
Trending news
MoreCrypto prices
More
