Scammed and Scammed Again? Watch Out for Fake CFTC “Helpers”

The Commodity Futures Trading Commission (CFTC) issued a public warning about imposters posing as officials from its Office of Inspector General, offering fake promises to recover lost money. According to the watchdog, these scammers contact individuals, often previous victims of financial fraud, claiming to represent the CFTC.

They present themselves as part of a legitimate government effort to help people reclaim funds lost in earlier scams, particularly those involving foreign accounts. The regulator urges anyone contacted by someone claiming to be from the CFTC to exercise caution.

Criminals Capitalize on Prior Fraud

Individuals should avoid sharing any sensitive information, including financial account numbers, Social Security numbers, or private keys to digital wallets. This warning adds to a troubling trend in which criminals capitalize on prior fraud to deepen losses.

“Scammers are contacting members of the public and claiming to represent the CFTC Office of Inspector General,” CFTC mentioned today. “These imposters promise to help financial fraud victims recover lost funds from foreign bank accounts, a ruse to further defraud those already harmed by previous scams.”

By impersonating federal officials and exploiting hope for restitution, they manipulate victims into renewed vulnerability. The CFTC encourages members of the public to verify any outreach claiming to be from the agency and to report suspicious interactions.

Expect ongoing updates as this story evolves.

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