The Bonds Fraud Process consists of several steps, and is similar to any other type of investment fraud. Initially, investors may become suspicious because they think that their money is being spent on something they don’t understand. Many scam artists claim that they have a great investment opportunity that is both safe and profitable. However, these promises are not entirely true. The Bondsfraud Process will help you avoid becoming a victim of this fraud.
The first step in the process is to be aware of your rights. The U.S. Treasury and the Bureau of Fiscal Service have both made public information about fraudulent schemes involving historical bonds. Be aware of any suspicious activity and report it immediately to ensure your safety. If you are a victim of this type of fraud, you must act quickly to prevent it from happening to you. The FBI has special teams dedicated to investigating cases of bonded fraud, and can help you if you suspect a potential victim of this type of crime.
Identifying scam artists is another important step in the Bonds Fraud Process. A fictitious seller can use a valid CUSIP number of a Treasury security to fool the potential victim. A CUSIP number is an identification number assigned to each security by the Committee on Uniform Securities Identification Procedures. It is not a security’s identity; it’s simply a number. So, it doesn’t mean that the potential victim actually owns the securities.