Tuesday, March 08, 2005

Save Tatap Foundation Issues Fraud Warning

The Official Save Tatap Foundation ("STF"), is hereby issuing a donor warning regarding potential fraudsters illegally abusing the name of the STF in solicitating funds for 'saving Tatap'. The warning below will contain helpful advice on how to avoid being a victim of such a fraud and we strongly advise all prospective donors to view this warning. The STF also advises people who are considering donating to our cause to be aware that the STF has the jurisdiction to investigate and impose penalties on individuals that are unregulated and/or are committing fraudulent acts in our good name. Do read the warning below:

The STF has witnessed increasing numbers, and a growing complexity, of fraud cases in recent days, including a sharp rise in identity donation scams. A new federal law enacted on March 07 2005, called the Don't Try to Take Our Money Act of 2005 (D'TTOM), makes clear that the STF has the jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated individuals offering or purporting to obtain donations from the general public in our good name. In addition, the STF has jurisdiction to investigate and prosecute such individuals occurring in a 500m proximity around us during lecture times.

In its separate Donor Alert, the STF warns donors of individuals purporting solicitations appearing especially in MSN, touting to be the official 'sponser' or to be a member of the foundation of which they are obviously not a part of. The STF urges the public to be skeptical of such claims and suggests some "red flags" to look for, (e.g. the individual not being a part of the eight contributors here) and cautionary steps to take (only click on the paypal link from this site), before parting with your money.

We thank you for you valuable support and have a good day.

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