The FTC and the Federal Reserve
Bank of New York report that scammers are claiming that you can pay your bills
with “secret accounts” or “Social Security trust accounts” and routing number
at Federal Reserve Banks. The caller asks for your Social Security Number in
exchange for a bank account number at a Federal Reserve Bank. There are no
secret or Social Security trust accounts that you can use to pay your bills. This
is a way to collect Social Security Numbers or other personal information that
can be used to commit identity theft.
The FTC points out that only banks
can have an account at the Federal Reserve Bank. So, as with all other phone
scams, just hang up.
Federal Trade Commission:
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