Newspaper article THE JOURNAL RECORD

Oklahoma AG Warns of Scam Promising Share of Class-Action Lawsuit Reward

Newspaper article THE JOURNAL RECORD

Oklahoma AG Warns of Scam Promising Share of Class-Action Lawsuit Reward

Article excerpt

A letter purportedly informing consumers about a class-action settlement from which they may benefit raises several red flags, says Oklahoma Attorney General Drew Edmondson.

Edmondson's office has received at least one complaint and one phone call about the possible scam.

It comes in the form of a letter telling recipients they have been identified as the victim of fraud in evidence presented in a class-action lawsuit.

"The letter informs the consumer they have been selected to receive compensation under the terms of an out-of-court settlement," Edmondson said.

The attorney general said it includes a check for $2,975, directing the recipient to contact a Michigan law office within five business days to facilitate release of the full reward, set at $129,000.

"My suspicion is that when the consumer contacts the law firm, they are asked to provide bank account information so that the full award can be deposited," Edmondson said. "By the time the enclosed check bounces, the scammers will have had ample time to clean out the consumer's bank account. …

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