7 On Your Side: Fake 'Citigroup' email asks you to move your money - KLTV.com - Tyler, Longview, Jacksonville |ETX News

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7 On Your Side: Fake 'Citigroup' email asks you to move your money

As lawmakers in Washington D.C. continue to haggle over a new Senate bailout bill, there are already some preying on people's fears about the economy and the financial crisis.

Scammers, claiming to be from Citibank, are sending emails to East Texans. The email asks you to transfer your assets to a safe overseas location in case the U.S. financial system collapses, but it's all a ploy to steal your identity and wipe out your bank account.

In a 7 on your side investigation, KLTV's 7 Courtney Lane takes a closer look at this latest scam.

The email addresses the $700 billion bailout package - but read down, and it asks you to "click here" for instructions on how to move and protect your assets during this credit crunch.

"You won't have to worry about your money being chewed up by the poor economy or your bank failure or anything else if you participate in this. You won't have any money to worry about at all. It'll be gone instantly," said Ann Harris with the Better Business Bureau of East Texas.

Angel Ribo of Longview alerted us when the email popped up in his inbox, worried someone might fall victim because it looks so real.

"Signed at the bottom is Citigroup Financial Security Specialists. for Citi credit cards it has some 800 numbers and even a TTY number," explained Ribo when he showed us the email.

But Citibank confirmed it's a fake, saying they'll never ask for customer's personal info through email.

"It's a terrible thing to think about that some people might think 'oh this is good. This is something I need to do because I need to protect my money and you're just giving your money away. You're just giving it away. It's gone," said Kay Robinson, also with the BBB of East Texas.

The Better Business Bureau says red flags to look out for in this type of phishing scam are misspellings, and any time it asks you to click a link, wanting personal information.

They say scammers act quickly, preying off any big news at the time.

"By them actually mentioning the 700 billion bailout package in the email, they really strike at the heart of fear," said Ribo.

Citibank says if you even click the link in the email, your computer can be filled with keystroke logging viruses. The BBB asks you to call them right away if you get a scam email.

Courtney Lane, reporting. clane@kltv.com

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