BISMARCK – Attorney General Wayne Stenehjem has learned that some con artists are attempting to rip-off consumers by using the name of a legitimate North Dakota bank, First International National Bank & Trust in Watford City, as part of a loan scam.

The scam artists have placed advertisements in newspapers throughout the country. The advertisements read something like this: “Start 2004 off with the best financial help on your side. We at First International Bank & Trust are not here because it is our job but because it is our privilege. Call us toll-free at 877-561-9340.” The Watford City financial institution has no relationship with the con artists, or the bogus offer.

“This is a blatant and obvious fraud and I’m concerned that consumers in North Dakota and, more likely, elsewhere throughout the country, will be victimized. Such fraud is very difficult to prevent but newspaper advertising departments, law enforcement officials, and consumers should be informed of this scam.” Stenehjem said.

The con artists have even sent out bogus applications to callers, trying to obtain personal financial or other confidential information that could be used for identity theft. In addition, the con artists may be trying to sell illegal advance fee loans. Officials at the Watford City bank are alarmed that these scam artists are using the name of their local institution to perpetrate this fraud.

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