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SIPC Cautions of Recent Phishing Scam

The Securities Investor Protection Corporation (SIPC) is cautioning investors that some hackers are cheating on people, who have been attacked by earlier investment scams, by sending them uninvited e-mails to steal their hard earned money along with their private and monetary information, as reported by Bank Investment Consultant on June 17, 2011.

SIPC authorities warn that they have been contacted by many individuals alerting them towards this scam. Further, some of the individuals have also lost money earlier or were contacted by promoters of such schemes and then refused to invest.

Additionally, SIPC officials stated that some of the peoples who have been attacked by this new scam claimed that somebody posed as SIPC investigator and e-mailed them, informing them that the agency had confiscated the property of a firm that had cheated the prospective victim. The hacker then requests the would-be, two-time victim to pay an amount and their private information, following which the hacker guarantees to return the investor's lost money.

President of SIPC, Stephen Harbeck, stated that, when the liquidation of a brokerage company is administered by SIPC, investors with missing stocks or cash are not supposed to pay any amount to recover those assets. Individuals should be utterly careful, if they are contacted by any such representative of SIPC asking for payment of fee or private information, as reported by PR Newswire on June 17, 2011.

Sadly, the brains behind this recent scam remain consistent. SIPC authorities highlighted that, people who have been contacted earlier avoided the request for payment of their losses; they were again contacted later after a week or so via phone.

One victim of this scam, having already lost money in an investment scam, was doubtful, and contacted SIPC to see, if the come-on was authentic. Another victim of the scam, had never been attacked by any investment scam, but still contacted the SIPC.

SIPC officials stated that, the case was handed to the Department of Justice for further probe. A source from SIPC informed that, it is not clear whether anybody has really lost money due to this recent scam.

Related article: Spike in Attacks Causes Early Release of Windows Patch

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