Notice of EFT Scam on Projects
October 15, 2019
Several school district projects have recently experienced a very sophisticated scam in which an outside party has claimed to be a contractor or subcontractor and requested a change in bank accounts to receive electronic funds transfer of payments. These attempts to steal funds have included numerous phone calls, demonstrating some knowledge of the project participants and processes, and providing false email and bank account records in order to convince project participants to transfer pending and future payments to a different bank account.
If you are contacted, by phone or email, to change the routing of project payments to a different account, please independently verify through trusted project partners prior to making any changes. This may include requiring any changes to be made in-person during a standard project meeting. Also alert the project’s core team of any requests or attempts.
The information on this page is important for school district treasurers. If you are a treasurer on a newly approved project, and have not yet logged into our web-based tools, please fill out this Application for Access form and email it to email@example.com to have an online account created for you. If you are new to the drawdown process, please watch the video below for a short introduction.