Alert 2005-28
OCC ALERT

    Subject:  Suspicious Transactions
Description:  Wachovia Direct Lending, Toronto, Canada

       Date:  December 1, 2005

TO:  Chief Executive Officers of All National Banks; All State
     Banking Authorities; Chairman, Board of Governors of the
     Federal Reserve System; Chairman, Federal Deposit Insurance
     Corporation; Conference of State Bank Supervisors; Deputy
     Comptrollers (districts); Assistant Deputy Comptrollers;
     District Counsel and Examining Personnel

RE:  Wachovia Direct Lending, 355 Wellington Street, Toronto,
     Ontario N6A3N7
     Fax 416 848 9762  (no telephone)
     
     The Office of the Comptroller of the Currency (OCC) has been
     advised that persons representing themselves as employees of
     the above-referenced entity are contacting individuals
     regarding student loan applications.  Applicants are
     requested to send the application fee to a Western Union
     office in Toronto.  To date, no loans have been provided and
     the fees paid by applicants have not been returned.
     
     Please note that the referenced entity is not affiliated
     with Wachovia Corporation, Charlotte, NC, or any of its
     subsidiaries, including Wachovia Bank, N.A.  Canadian
     authorities report that the entity is also not authorized to
     act as a lending institution in Canada.
     
     Any information that you may have concerning this matter
     should be brought to the attention of:
                    Phonebusters
                    [http://www.phonebusters.com/english/index.html]
                    1-888-495-8501      Fax 1-888-654-9426
                    Box 686
                    North Bay, Ontario P1B 8J8
                    E-mail: info@phonebusters.com
     
     Additional information concerning this matter that you
     believe should be brought to the attention of the OCC, may
     be forwarded to:
                    E-mail:  occalertresponses@occ.treas.gov
                      Mail:  Office of the Comptroller of the Currency
                             Enforcement & Compliance Division, MS 8-10
                             250 E Street, SW, Washington, DC   20219
                       Fax:  (202) 874-5301
               
For additional information on this and other types of financial
fraud, please visit the OCC's anti-fraud resource at:
http://www.occ.treas.gov/fraudresources.htm .
     

Brian C. McCormally
Director,
Enforcement & Compliance Division