Swindlers sometimes convince bank account holders to withdraw funds, promising them an immediate windfall or telling them that their money will be immediately re-deposited in order to test the honesty of a bank employee. Don’t withdraw large sums of cash, either to show to a stranger or give, even for a few minutes, to someone you do not know. One of the most prevalent of these types of con games is known as the Bank Examiner Scheme:
The phony examiner scheme is a popular swindle usually perpetrated against elderly customers. One variation of the scheme involves the con artist impersonating the financial institutions auditor or a law enforcement officer, such as an FBI agent, rather than an examiner. The elements of the scheme are:
- The customer (victim) is confronted in person or by telephone by a stranger who claims to be a federal/state bank or savings and loan examiner.
- The stranger claims an employee of the financial institution is altering deposit records and stealing the funds.
- The stranger asks the customer to withdraw funds, mark the money and give it to him. He says that he will then redeposit it, creating a trap if the employee alters the deposit slip and attempts to steal the money. The customer never sees the stranger- or his or her money-again.