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Alert 2005-28
Subject: Suspicious Transactions
Date: December 1, 2005
Description: Wachovia Direct Lending, Toronto, Canada

Wachovia Direct Lending, 355 Wellington Street, Toronto, Ontario N6A3N7 Fax 416 848 9762 (no telephone)

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; Director, Office of Thrift Supervision; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel; and All Examining Personnel

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/home-eng.html
Phone: 1 (888) 495-8501 
Fax: 1 (888) 654-9426
Address: 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.gov/topics/consumer-protection/fraud-resources/index-fraud-resources.html.

Brian C. McCormally
Director, Enforcement & Compliance Division