Already been scammed? Be careful fraudsters are now pretending to be government officials from the Commodity Futures Trading Commission (CFTC), offering fake promises to help you recover your stolen money. It’s a cruel twist: criminals targeting people who’ve already been through financial loss, hoping to trick them again.
The CFTC has issued a public alert warning about individuals impersonating representatives from its Office of Inspector General. These scammers are reaching out to past victims of fraud, claiming they can help retrieve funds lost in earlier scams especially those involving foreign bank accounts.
But here’s the catch: it’s all a lie.
The Scam Within the Scam
These imposters sound official and may even present what looks like legitimate documentation or government credentials. But the CFTC emphasizes that no real agent will ask for personal details like your bank info, Social Security number, or private crypto wallet keys over the phone or email.
According to the CFTC, “These scammers pose as federal agents, dangling the promise of recovering your money only to set you up for another financial hit.”
So, if someone contacts you claiming to be from the CFTC and offers to help you recover lost funds, stop and verify before engaging. The agency urges everyone to report any suspicious activity directly through their official channels.
The Rise of Tech-Enhanced Fraud
This isn’t the first warning from the CFTC this year. Back in March, the agency flagged a disturbing rise in tech-savvy scams using artificial intelligence. Criminals are now leveraging deepfake technology to create ultra-convincing fake videos, images, and even voice messages. Some even stage live video calls where they digitally alter their appearance in real time.
Melanie Devoe, Director at the CFTC’s Office of Customer Education and Outreach, said, “It’s getting harder to tell what’s real. Scammers can manipulate photos, voices, and even live video chats. The best protection is simple: don’t send money to anyone you haven’t met in person.”
Stay Alert, Stay Safe
If you’ve been a victim of fraud before, you’re not alone but don’t let that make you an easy target. Scammers know how to exploit hope and vulnerability, especially when it comes to recovering stolen money.
Here’s what you can do:
- Verify any contact claiming to be from the CFTC by reaching out through official government websites.
- Never share private financial or personal information with anyone you don’t fully trust.
- Report suspicious messages or calls to the CFTC or your local law enforcement.
