BROWNSVILLE – The Brownsville Public Utilities Board (BPUB) announced that Wells-Fargo Bank, BPUB’s depository bank, received a check for $1,321,610.66 from Bank of America for deposit in BPUB’s account for funds caught up in a scam.
The PUB’s release said the deposit means there will be no loss of BPUB funds because of the forged ACH directive received by BPUB from Noble Construction, a vendor currently working on a project for BPUB.
BPUB had received a request from Noble Construction to change Noble’s bank account information. BPUB made a payment to the updated account after receiving an invoice. The afternoon the deposit was made, Noble Construction advised BPUB that the request to change bank accounts was a forgery.
BPUB management credits the fast action from BPUB’s finance personnel along with hard work done by federal and local law enforcement and the Cameron County District Attorney’s Office with the successful recovery of funds.
BPUB will continue to work with authorities and the fraud units from the two banks involved, said the release.