Scam/Fraud Alerts

Credit Card Fraud Alert, 10/02/2013

As recently reported to us by the North Carolina Banker's Association, a bogus Florida bank is swindling consumers across the country with a fraudulent credit card scheme. It goes by the name of AmTrade International Bank and sends offers for semi-secured credit cards via the U.S. Mail. The offers instruct victims to send checks in amounts ranging from $500 to $900 in order to receive the card, which is framed as a means of rebuilding poor credit. The checks get cashed but the cards never arrive. Although the solicitations sometimes mention that Credit One Bank is associated with the credit card program, that Las Vegas company has no connection with AmTrade. AmTrade purports to be located in Ft. Lauderdale, FL.