Expert Advice When You Need It Most

Federal Reserve Note Scam

Written by: Jonathan H Levy

Reputation Level 19

Fraud Securities and Investment Fraud

Posted over 2 years ago. 1 helpful vote, 0 comments

Save

Share with:

Too Good to be True

Nobody, not even Warren Buffet, can get millions or billions for pennies on the dollar. However, the note and the story surrounding it are usually just good enough to fool the gullible. A fake attorney or treasury agent is often in the mix too.

The Pitch

According to the Fed: "Fraudsters often falsely claim that the purported Federal Reserve notes or bonds that they hold are somehow very special and are not known to the public because they are so secret. Fraudsters have attempted to sell these worthless instruments, or to redeem or exchange them at banks and other financial institutions, or to secure loans or obtain lines of credit using the fictitious instruments as collateral. "

Bottom Line

Run away as fast as you can from any scheme involving 1930's series Federal Reserve Note, it's a 100% guaranteed scam and you may not only lose your money but be criminally prosecuted.