Courier Scam Targets California Business Owners and Their Cash

A new scam in California’s Central Valley is getting between business owners and their cash using the FBI and couriers.  Police in Bakersfield, California have issued a warning after several people were targeted by criminals impersonating the FBI and other government officials. 

Police say some victims were told they were part of a federal investigation and that they were participating in a law enforcement action to stop corrupt bankers buy removing cash and handing it off to a couriers while the “FBI” monitored the transactions. Other victims were told their bank was under investigation by federal authorities and to protect their assets they must remove cash and hand it off to couriers for safe keeping.

When it comes to scams like these, small and medium-sized businesses can be particularly vulnerable.  To protect your business, consider implementing a few simple safeguards:

• Establish internal procedures requiring verification of any urgent financial requests.
• Train employees, bookkeepers, and office managers to recognize social engineering tactics and pressure-based scams.
• Never share banking information or confirm account details during an unsolicited phone call.
• Contact your financial institution directly using the number on your statement or the bank's official website if you receive a suspicious call. Do not call back a number provided by the caller.
• Create a policy that prohibits cash withdrawals or wire transfers based solely on phone instructions.

Scammers rely on panic and quick decision-making. The best defense is slowing down, verifying the facts, and following established financial controls. By educating employees and maintaining clear procedures, California business owners can significantly reduce their risk and keep company funds secure.

Remember, if you are contacted by someone claiming the funds in your bank account are at risk for any reason, hang up and call your banker from a verified phone number.