ALBUQUERQUE, NM (KRQE) – A new report from the Office of Inspector General of Albuquerque says the town was nearly swindled out of nearly $ 2 million. The report said that in November, an impostor posing as a controlled municipal seller asked the city to change the bank where money transfers were made.
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Before anything happened, Wells Fargo flagged the transaction as potentially fraudulent and was able to stop it. The city is conducting an Internal Affairs investigation into two employees suspected of being involved. A number of governments and school districts have fallen victim to this scam over the years. Some have resulted in the loss of hundreds of thousands of taxpayer dollars.
The Office of Inspector General has been asked to investigate an attempted fraudulent ACH transaction from the City of Albuquerque in the amount of $ 1.9 million to a seller. See the full report below: