Massachusetts Woman Loses $56,000 in Bank Impersonation Scam

A Massachusetts woman lost $56,000 after scammers allegedly posed as employees of her bank and convinced her to transfer her savings into a supposed “safe account.” The 43-year-old Hingham resident reported to police that the scheme began around 6 p.m. when she received an unexpected call from someone claiming to work in her bank’s fraud department.

The caller informed her that someone had recently attempted to impersonate her at her bank branch to make a wire transfer. Although the supposed transaction had been stopped, the caller claimed her account had been compromised and urged her to move her money into a new account for protection.

After assuring her that they would contact her the next morning, the scammers called back around 9 a.m. and instructed her to visit her local branch to transfer her funds into a “new safe account.” The caller allegedly remained on the line while she completed a $56,000 wire transfer using account information provided by the scammer.

Once the transfer was completed, the caller reassured her that the money was secure and that the bank was conducting an investigation. However, after calling the number again to verify, she became suspicious and contacted her actual bank branch, only to learn she had been defrauded. Police are currently investigating the incident.