Michael Bogash - Advance Fee Fraud

This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 22 of the Financial Supervision Act 1988.

The Commission has recently become aware of an email received by members of the Public purporting to have been sent by the above named individual.

Within the email, which is headed “From Douglas City, Isle of Man” it is claimed that the above named individual is “Head, Audit Committee of a reputable and well known Financial Trust here in Isle of Man (sic)”

The email claims that a client of his employer “who later died in a fatal car accident”, “deposited a huge sum of money with one of our branches in Europe”. He claims that “I personally have watched with keen interest to see next of kin but all has proved abortive (sic)”

The email seeks the assistance of the recipient in obtaining these alleged funds. The email states “ I want to present you to stand in as the next of kin to claim the investments”.

The email gives an address for the sender of 38-40, Victoria Street, Douglas, Isle of Man IM1 2LB and a telephone number of 0044-870-133-4013.

The Commission wishes to draw attention to the following observations regarding the aforementioned emails:

Douglas, Isle of Man is a town not a city.

Enquiries by the Commission have established that there is no Michael Bogash employed at or otherwise associated with the aforementioned Isle of Man address.

The quoted telephone number is not an Isle of Man based telephone number.

Under the circumstances the Commission feels that these emails are being issued to either tempt the recipient into becoming the victim of an Advance Fee Fraud.

or are an attempt at gaining personal data from the recipient in order to steal their identity.

Under the circumstances the Commission would encourage people receiving emails matching the above description to refrain from responding to them in any way.

Any persons who are already involved in any dealings resulting from emails matching the above description and have concerns should contact the Enforcement Division on +44 1624 689313 or by email to fsc@gov.im.

Any persons who have paid out funds in relation to emails matching the above description or who have provided personal financial details in relation to emails matching the above description should consider contacting their local police fraud unit without delay.

FSC reference: JPM/13/2006