Fake U.S. Savings Bonds Leads to $50 Million in Losses

By Burgerwars
June 19, 2023 in Money Management

https://creditboards.com/forums/index.php?/topic/634048-fake-us-savings-bonds-leads-to-50-million-in-losses/

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Burgerwars

Posted June 19, 2023

Posted June 19, 2023 (edited)

I thought the bank cashing them could input the information on the bond in a fed linked computer and immediately know whether it's valid and its current value.

I have a bunch of bonds that I already deposited into my TreasuryDirect account. They're there for when I want to redeem them. I can immediately see their current value. Some people say the TreasuryDirect website is horrible. It's not that bad. I've been to a lot of banks' websites that are far worse.

Link:

https://finance.yahoo.com/news/fake-savings-bond-scheme-leads-091450592.html

Edited June 19, 2023 by Burgerwars

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