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FBI warns banking spoof calls are tricking customers into transferring money

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FBI warns banking spoof calls are tricking customers into transferring money

Officials are warning customers about banking spoof calls that could trick them into emptying their accounts, with scammers posing as banking or law enforcement officials who claim they are trying to protect the customer’s money.

The FBI has described these calls as a growing problem in which customers are convinced to move their money, costing them thousands of dollars, according to ABC 7.

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The agency has said spoofing and phishing schemes are designed to trick victims into providing sensitive information, such as passwords or bank PINs. Suspected cyber-enabled scams can be reported through the FBI’s Internet Crime Complaint Center.

Chase customer Jennifer Lichthardt described how she lost $40,000 after receiving a spoof call.

JPMORGAN CHASE LAUNCHES AMERICAN DREAM INITIATIVE TO EXPAND SMALL BUSINESS SUPPORT ACROSS US

Chase ATM

Officials are warning customers about banking spoof calls that could trick them into emptying their accounts. (Gary Hershorn/Getty Images / Getty Images)

“The first call I got, it was the number on the back of my Chase debit card, and it said Chase fraud department,” Lichthardt told ABC 7.

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The scammers who were pretending to call from her bank’s number said that Chase employees were accessing accounts. They claimed to be representing Chase and even the FBI.

“They read me my account number. They had my account balance down to the penny,” Lichthardt said. “They had fake FBI agents that gave me an agent number.”

Lichthardt was eventually convinced to move nearly $40,000 from her Chase account into a new so-called “secured” Chase account at her local branch and to transfer thousands more to another online bank. The money she sent later disappeared.

She reported what happened after she realized she had been scammed the following morning.

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Lichthardt described feeling “financially violated” after the incident.

Chase said that “her funds were withdrawn from the scammer’s account the same day” the funds were deposited.

“We urge all consumers to ignore phone, text, or internet requests to move money or gain access to their computer or bank accounts. Banks and legitimate companies won’t make these requests, but scammers will,” Chase said in a statement to ABC 7.

A person walking by Chase ATM

Chase urged consumers to “ignore phone, text, or internet requests to move money or gain access to their computer or bank accounts.” (Jeenah Moon/Bloomberg via Getty Images / Getty Images)

The Federal Trade Commission also has a direct warning for consumers, saying it is a scam if someone tells consumers to move their money to “protect it.”

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“Never transfer or send money, cryptocurrency, or gold to someone you don’t know in response to an unexpected call or message,” the FTC website reads.

Huntington Bank customer Susie Allgood also received a spoof call from someone claiming to be from Zelle.

“And in order to continue to receive, continue receiving money to and from Zelle, I had to upgrade my Zelle account to a business account,” Allgood told ABC 7. “Because he said he was from Zelle and working with Huntington Bank. So, why would I not believe him? He already had my routing number.”

Allgood said she was convinced to send $5,000 via Zelle to the scammer’s account to keep her money “safe.”

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“I think that each case needs to be looked at individually because, did I send the money? Yes, I did. I will admit to that. But I was also instructed by somebody who had the last four of my bank account, had my phone number,” Allgood said.

Both women reported their experiences to local authorities and the FBI.

Responding to whether she believes she will get her money back, Lichthardt said, “I don’t know. I hope I do.”

TRUMP ADMIN’S OPERATION EPIC FURY TAKES AIM AT BANKS HANDLING IRANIAN MONEY

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A logo at the Federal Bureau of Investigation headquarters building

The FBI has described these calls as a growing problem. (Getty Images / Getty Images)

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Neither victim had received a refund from her bank after being scammed and convinced to move money, according to ABC 7.

Banks generally cover certain types of unauthorized fraud, such as when someone steals your debit card information. A bank will never call a customer and ask that person to send money.

The FBI and other experts said criminals can find some banking information from the dark web or through dumpster diving. When they obtain that data, they may also be able to call the person’s bank’s automated system to review the customer’s account balance or transactions.

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“When somebody is calling pretending to be the FBI, the victim then thinks they are in trouble. They are already frazzled, and when they are making these decisions, the criminal then starts to rush them more. The more they are rushed, the more decision-making they make last-minute,” Robert Richardson, a special agent with the FBI Chicago Field Office, told ABC 7.

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US Supreme Court clears way for Alabama to use pro-Republican voting map

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US Supreme Court clears way for Alabama to use pro-Republican voting map


US Supreme Court clears way for Alabama to use pro-Republican voting map

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Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from trading

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Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from trading
Capital markets regulator Sebi has passed an interim order against Rajesh Exports and its promoter Rajesh Mehta, alleging large-scale financial misrepresentation, non-cooperation with investigators and possible inflation of the company’s reported revenues.

In a 109-page interim order issued on June 3, Sebi said its investigation and forensic review had uncovered prima facie evidence suggesting that about 97-99% of the company’s revenue may have been inflated, describing the findings as “egregious and unheard of.”

The market regulator has restrained Rajesh Mehta from buying, selling or dealing in securities of Rajesh Exports until further orders. It has also directed the company to cooperate fully with investigators and make true and fair disclosures in its financial statements and related-party transactions.

The order stems from a shareholder complaint received in March 2024 that raised concerns over large outstanding trade receivables in the company’s books.

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Following a preliminary examination, SEBI launched a formal investigation covering the period from April 2020 to March 2024 and appointed forensic auditor BDO India Services.


Rajesh Exports, a Bengaluru-based gold refiner and jewellery manufacturer, is listed on both the NSE and BSE. The company sells gold products domestically and internationally and operates jewellery stores under the Shubh Jewellers brand.
A major part of Sebi case centres on what it describes as persistent non-cooperation by the company and its promoter during the investigation.According to the regulator, Rajesh Exports failed to provide access to key accounting systems, withheld critical financial records and did not furnish complete documentation sought by investigators and forensic auditors.

Sebi noted that the forensic auditor was unable to verify large portions of the company’s transactions because supporting records were either incomplete or unavailable.

The regulator said only a small fraction of sampled transactions could be fully substantiated with supporting documents.

The order also raises concerns regarding the financial reporting of overseas subsidiaries and step-down subsidiaries, including entities in Singapore and Switzerland. Investigators examined transactions involving subsidiaries such as REL Singapore, Global Gold Refineries AG and Swiss precious metals refiner Valcambi.

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Sebi said the lack of access to underlying accounting records significantly constrained the forensic review and prevented independent verification of several reported figures.

The regulator further alleged that the company routed funds in a manner that obscured their origin and destination, raising concerns about the authenticity of the reported financial statements.

Given the seriousness of the findings, Sebi said immediate intervention was necessary to protect investors and maintain market integrity.

“The aberrations prima facie noted in the matter, where approximately 97% to 99% of the revenue of the company is inflated, are egregious and unheard of,” Whole-Time Member Kamlesh Chandra Varshney said in the order.

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Apart from restraining Rajesh Mehta from dealing in the company’s securities, Sebi has directed Rajesh Exports to provide all pending information sought by investigators within 30 days.

The regulator has also ordered the appointment of a fresh forensic auditor to conduct a more detailed review of the company’s books and transactions.

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SpaceX Target Valuation Lowered Again. Why That’s a Red Flag for the Stock Market.

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SpaceX Target Valuation Lowered Again. Why That’s a Red Flag for the Stock Market.

SpaceX Target Valuation Lowered Again. Why That’s a Red Flag for the Stock Market.

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North East parts of historic William Cook acquired by US aerospace giant Heico

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Cook Defence Systems will continue to operate out of its Stanhope factory

Cook Defence Systems manufacturers tank tracks.

The Cook Defence Systems factory in Stanhope, County Durham(Image: Cook Defence Systems)

The North East operations of historic steel business William Cook have been acquired by US defence giant Heico in an undisclosed deal.

The move sees the formation of a new company Heico-Cook Defence which will encompass Cook Defence Systems, William Cook Stanhope and William Cook Intermodal. The joint venture is 80% owned by Heico and 20% by William Cook Holdings.

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Cook Defence Systems – which has played a key role in providing replacement tracks for Ukraine’s tank fleet – and its sister companies will continue to operate from their purpose-built factory in Stanhope, which employs about 130 people. The two firms have said contracts with employees, customers and supplies remain unaffected.

Meanwhile, William Cook Rail, William Cook Cast Products and their subsidiaries and associates remain wholly owned by William Cook Holdings, which reported turnover of £100m for the year to June 28, 2025. Cook Defence Systems also makes blast-proof components for armoured vehicles and was created in its current form in 1994 by Sir Andrew Cook, who has helped it become a long-standing supplier to national ministries of defence.

Sir Andrew said: “We are proud to have built Cook Defence Systems into a trusted partner to governments, armies and armoured vehicle manufacturers worldwide. In Heico, we have found a long-term partner that values our independence, supports our growth ambitions, and shares our commitment to engineering excellence, quality, and service.

“We are confident about the future of Cook Defence Systems under the joint ownership of Heico and William Cook Holdings.”

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Hollywood-based Heico makes parts of large commercial and military aircraft as well as industrial turbines, targeting systems, missiles and electro-optical devices. It reported net sales of more than $4.4bn (£3.2bn) in the year to the end of October, 2025.

Eric Mendelson Heico’s co-chairman and co-chief executive officer, said: “Cook Defence Systems represents a distinctive addition to Heico, with many of the attractive attributes we look for in our businesses. The company has established strong relationships across leading defence OEMs and government customers across multiple critical armoured vehicle platforms.

“Cook’s proprietary technology, consistent aftermarket demand, and exposure to increasing global defence spending position it well for continued growth and long-term value creation. We are pleased to welcome William Cook and his team to the Heico family.”

Last year, Cook Defence Systems hosted the Minister for Armed Forces Luke Pollard as the firm celebrated a three-year contract to supply spare tracks for all of the Army’s in-service armoured fighting vehicles. The firm is also supplying tracks for the Army’s Challenger 3 tanks and Ajax vehicles.

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Sir Andrew Cook CBE remains chairman of William Cook Holdings and William Cook and Chris Seymour continue as directors.

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Why is IREN stock rallying today?

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Why is IREN stock rallying today?

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Australia’s GDP slows to 0.3pc

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Australia’s GDP slows to 0.3pc

Australia’s economic growth rate has slowed down in the first three months of the year, with the bureau attributing it to cyclone disruptions.

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CLPS stock rises on AI-powered R&D restructuring plan

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CLPS stock rises on AI-powered R&D restructuring plan

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Tenaya Therapeutics, Inc. (TNYA) Discusses Interim Data from MyPEAK-1 Trial of TN-201 Gene Therapy for MYBPC3-Associated HCM – Slideshow (NASDAQ:TNYA) 2026-06-03

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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DXN deal could pave way for $200m data centre sales

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DXN deal could pave way for $200m data centre sales

Modular data centre specialist DXN Limited, which manufactures in Welshpool, has inked an $8.8 million deal with a US neo cloud operator which could lead to over $US200 million in orders.

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Minrex appoints Edwards as chair

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Minrex appoints Edwards as chair

Incoming Minrex Resources chair Robert Edwards has outlined the reasons behind his decision to join the junior.

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