We’re aware of an increasing number of “safe account” scams. It can start with a phone call, a text, or even a pop-up on your computer. A fraudster tells you that your account has been compromised, or even that there’s internal theft at your financial institution. The fraudster may impersonate the financial institutions, the police, your Internet provider, and even Microsoft. They will encourage you to wire or send the funds to another "safe account" elsewhere that the fraudsters control.  They may tell you not to discuss this with anyone including relatives. They may even give you a cover story to tell your financial institution (you’re wiring the funds to a relative or investing in a business). The fraudster may sound convincing, but this is a scam. And once you send them your money, you will most likely be unable to recover any of it. If you get any of these phone calls, hang up and call us. You can also report it to report fraud.ftc.gov.