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Scam Involving Fic***ious Federal Reserve Grant The Federal Reserve Bank of New York is aware of an ongoing scam that involves fraudsters claiming to be from the Federal Reserve contacting the public through unsolicited phone calls or emails regarding a fic***ious federal grant. In most instances regarding this scam, the fraudsters require the victims to wire a certain sum of money (via Western Union or Moneygram) or to purchase GreenDot Moneypak cards in order to receive the fic***ious grant. The victim is told this money is needed for an application fee, a charitable donation or a processing fee in order for the fic***ious grant money to be released. After the victim wires these funds, the victim is contacted a***n and requested to send additional money for one final fee in order to receive the fic***ious grant money. Of course, the victims will never receive any grant money as this program does not exist. Please note the Federal Reserve Bank of New York is NOT involved in any federal grant program. We urge the public to remain alert to fraudulent scams involving individuals who purport to be employees of the Federal Reserve Bank of New York. The Federal Reserve Bank of New York does not maintain grant money or any other type of funds/accounts for individuals.