When Mail Fraud Turns into Financial Fraud in Iowa

So many different types of fraud occur each and every day around this nation. Sadly, fraudulent people are looking to deceive others in order to obtain another's money, identity, services or property. This often occurs through mail and wire fraud.

Mail fraud includes the use of the United States Postal Service or any other mail service to execute a fraudulent scheme. Wire fraud includes a telephone, internet, or other communication method used to carry out a scheme.

Mail and Phone Fraud in Iowa

People often receive letters in the mail from what they think is their credit card company or other financial institution. The instructions on these letters typically ask the consumer for their personal information and account numbers and to reply back through the mail or by dialing a phone number.

Consumers need to know that credit card companies and most financial institutions are not going to call, mail, or email their clients asking for their personal information or account numbers. This is most likely fraud at work. If you receive a letter or phone call that seems suspicious, you should:

• Never give out your account information or personal information.
• Report this letter or phone call to your credit card company or other financial institution.
• Advise local law enforcement about the attempted fraudulent activity. 
• Report the fraudulent scheme to your local post office.

 

Schemes of this nature make you a victim of financial fraud in Iowa. If you have lost money due to mail and phone fraud, you should contact our skilled Cedar Rapids financial fraud lawyers at the Law Offices of Brady & O'Shea for legal help at (319) 866-9277, and receive a free, no-obligation consultation.