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Treasury warns against Savings Bond chain letter schemes
The Department of the Treasury and Postal Service warn that chain-letter schemes using U.S. Savings Bonds violate postal lottery and fraud laws. Such schemes are illegal whether or not mail is used, risk state or local law violations, and undermine the Bond Program. Banks may refuse to sell Bonds if used for chains. The Savings Bond Division issues periodic warnings about these illegitimate schemes.
MENTIONED IN THIS ARTICLE
Department of the Treasury
Postal Service
Federal Reserve Banks
U.S
Treasury
Savings Bond Division