I received a savings account statement for an account I didn't open. When I called the bank they verified my identity to this account via the last 4 digits of my SS#. This is a legit bank. Someone apparently opened this account in my name and is transferring money to it. So far two transfers for a total of $12,500 has been transfered to this account. The transfers came from a Wells Fargo bank account that was also in my name. HOWEVER I don't have a Wells Fargo account either! The banks are now investigating and I am waiting to hear back from them. This very weird - and I can't find anything on the internet indicating that this is a common fraud associated with identity theft, and what the purpose is. They used my current address to open these accounts. I have checked my credit reports and no credit accounts have been opened in my name. I have posted alerts now. I wanted to know if anyone has ever heard of a situation like this. Thanks for any input.
2007-10-19 05:24:12 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
This a form of identity theft. While the "user" of the account is not actually causing you any financial loss by his actions, he is using YOUR identity to perhaps conceal illicit money transactions in which he is engaging. Hence, if the proverbial crap hits the fan, guess to whom the authorities will turn, since the accounts used were in YOUR name.
You are wise to alert the banks involved, and do ask the banks to verify in writing that they are investigating. Thus, if the authorities come knocking on your door in the future, you have written evidence that you alerted the financial institutions to potential and probable fraud and identity theft.
And for heavens sake, do NOT attempt to withdraw any of these funds. This crook has your name AND address. Your first visit from this person MIGHT be in the middle of the night, with a loaded revolver in his hand.
2007-10-19 05:36:35 · answer #1 · answered by acermill 7 · 2⤊ 0⤋
Call a lawyer, call the FBI. Send letters in writing to the financial institution (certified, return receipt) indicating that you did not open those accounts. Request your credit reports (www.annualcreditreport.com - completely free, don't pay for the 'extras'). Dispute anything that isn't yours. This can be very serious, and very difficult to fix.
Good luck.
2007-10-19 05:33:24 · answer #2 · answered by rayb1214 7 · 1⤊ 0⤋
"acermill's" advice is sound. Also, have all three credit bureaus put a fraud credit freeze on your name so no credit accounts can be opened without first verifying it with you.
2007-10-19 07:41:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If I were you, I would go withdraw the money.
And find out about the other account.
This might be a new scam, or an honest mistake with someone with the same name.
2007-10-19 05:35:58 · answer #4 · answered by Feeling Mutual 7 · 0⤊ 1⤋
Take all the money out of the accounts and spend it.
2007-10-19 05:31:52 · answer #5 · answered by Vwgirl18 4 · 0⤊ 2⤋
Same thing just happened to me! Whaar was the outcome? Where did the money come from?
2015-12-29 00:25:23 · answer #6 · answered by Marielle 1 · 0⤊ 0⤋
Similiar situation with myself and I hate to say it but....ask your family members and those close to you. You be surprised those who are close to you and what they would do. I hope you get it straight
2007-10-19 05:32:50 · answer #7 · answered by prodigychild_21 4 · 0⤊ 0⤋
the account can be used to launder money
2007-10-19 05:32:58 · answer #8 · answered by ann s 7 · 1⤊ 0⤋
Snatch the money and hold onto it. You'll will surely hear from the fraudulent person
2007-10-19 05:33:42 · answer #9 · answered by Clueless 5 · 0⤊ 2⤋