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Special Alerts

SA-273-2006
September 18, 2006


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Entities That May Be Conducting Banking Operations in
Canada or the United States Without Authorization
Summary: The Office of the Superintendent of Financial Institutions (OSFI) of Canada has identified five entities that may be illegally operating as financial institutions.

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached "Warning Notice" (Issue No. 71), which contains the names of five entities recently brought to OSFI's attention. This warning notice states that the names listed are not authorized, federally regulated financial institutions (Canadian) and may be part of advance fee scams (see also OSFI's Warning Notice No. 23, dated February 2002).

The names listed in Warning Notice No. 71 are:

  • Rockval Holding Corporation, Saint-Émile, Québec;
  • East Bonding Canada Corporation ("East Bonding"), Saint-Émile, Québec;
  • Societé Canadienne de Cautionnement (Scc) Inc. (otherwise known as Canadian Bonding Corporation), Saint-Émile, Québec;
  • Gestion Lamca Inc. (otherwise known as Lamca Holdings Inc.), Saint-Émile, Québec; and
  • Lincoln Financial Trust, Toronto, Ontario.

These entities, or persons purported to represent the entities, are not insured by the Canada Deposit Insurance Corporation (CDIC). Any proposed transactions involving these entities should be viewed with extreme caution.

Each "Warning Notice," beginning with Issue No. 1 through OSFI's latest "Warning Notice," may be found at: http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=166 .

To report any scam based in or mailed from Canada, please contact Phonebusters, which is a joint partnership between the Ontario Provincial Police and the Royal Canadian Mounted Police. Phonebusters is interested in receiving copies of scam letters, particularly those involving Canadian mailing addresses or telephone numbers. Records relating to the payment of advance fees should also be forwarded to Phonebusters. This information is used to assist in the strategic targeting of would-be fraudsters. Scam letters should be forwarded to the Phonebusters National Call Center (PNCC) as follows:

Mail:Box 686
North Bay, Ontario, Canada
P1B 8J8
Web site:www.phonebusters.com
Telephone:+1 (888) 495-8501 (toll-free in Canada and the USA)
Fax:+1 (888) 654-9426 (toll-free in Canada and the USA)
E-mail:info@phonebusters.com
Advance fee fraud (including Nigerian and lottery letters): wafl@phonebusters.com

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov.

Information related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/SpecialAlert/2006/index.html . To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Acting Director
Division of Supervision and Consumer Protection

Attachment: Can be found at: http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_71_e.pdf - PDF 95k (PDF Help)

NOTE: As a security precaution, the FDIC does not post to its Web site electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at http://www.fdic.gov/news/news/financial/2006/fil06032.html.) Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (telephone: 1-877-275-3342 or 703-562-2200; fax: 703-562-2296; or e-mail: publicinfo@fdic.gov).

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 9/18/2006 communications@fdic.gov