FBI Issue Fraudulent Unemployment Filings Update

07/15/20

The FBI has issued a bulletin on the increase in fraudulently filed unemployment insurance claims related to the current pandemic. In this fraud, criminals use consumers’ stolen personally identifiable information to file the claims and then use money mules―both unwitting and complicit―to transfer and/or remove the funds.

 

The FBI provided tips and indicators to help consumers identify and avoid fraud, including:

 

• Fees involved in filing or qualifying for unemployment insurance;

• Unsolicited inquires related to unemployment benefits;

• Unauthorized transactions on your bank or credit card statements related to unemployment benefits; and more.

 

In related news, the Financial Crimes Enforcement Network this week issued an advisory alerting financial institutions to imposter scams and money mule schemes connected to the coronavirus pandemic. The advisory highlights several red flag indicators associated with these scams and reminded banks to report any suspicious activity.