Company Promises $5,000 in Exchange for Your Signatureby Nick LaFleur on Jan. 19, 2010, under Life, phishing, Tips
Better Business Bureau of Southern Arizona is alerting consumers to a scam involving a promise of thousands of dollars in exchange for answering a simple math question and a signature.
A Newington, Connecticut man told BBB he knew it was a scam the moment he read the letter from UBI Payment Services’ “Accounting Department” in Singapore. The letter informed him that he was “guaranteed to receive $5000.00” if he signed the document, solved a primary school-level math puzzle and mailed the form to an address in Australia. Instead, he turned over the document and return-address envelope to BBB.
According to Reliability Reports on file at several Better Business Bureau offices, UBI Payment Services has an “F” rating because of concerns with the industry in which it operates, insufficient information about how long the business has been operating and lack of background information. In addition, the company reportedly does business under three dozen different names.
BBB President Kim States, says this scam is sweeping the nation.
“This company first came to the attention of other Better Business Bureau offices in the fall of 2008. Consumers across the country have received similar mailings, and now Arizona’s consumers are being targeted.”
It appears the scammers are after the recipients’ signatures, which, combined with the correct name and address in the mailings, may be used for identity theft.
Consumers are strongly advised to proceed cautiously before responding to this type of mailing. UBI Payment Services does business under at least 35 different names.