• Fraud Warnings

    An advertisement appearing in one or more newspapers in the Philippines (and possibly elsewhere, including possibly the internet) falsely advertises employment opportunities with CIT in the Philippines. The letters sent to applicants who apply for the jobs refer to CIT executives in the United States and after initial "screening," require applicants to send a "Refundable Reservation fee of P 1,500.00" to reserve the applicants slot in training in the United Sates. The applicant is also asked for other personal information such as copies of their passport and birth certificate. CIT has now been made aware of this false advertisement. Please be advised that this is not a CIT advertisement and that CIT is in no way affiliated with these advertisements. CIT is not currently hiring or recruiting employees in the Philippines. 

    If you or someone you know has replied to these advertisements, do not send any money or provide any personal information. Instead, please contact the CIT Internal Audit Department - Antifraud Group by emailing antifraudgroup@cit.com or calling 973-740-5000. 

    Fraudulent websites

    It has recently come to our attention that a fraudulent web site, http://cit-financegroup.com/ is active on the web. This is not an official or authorized web site of the CIT Group. 

    Fraudulent websites/emails that advertise partnerships with CIT and CIT Bank, LTD.

    It has recently come to our attention that fraudulent web sites, including HÜMA GROUP, http://www.humagroup.com.tr , are indicating on their web sites or unsolicited emails that they are associated with CIT and are authorized to broker or facilitate commercial loans on behalf of CIT. Potential customers are requested to send an advanced fee to the unauthorized broker prior to the "loan" being approved/funded. This type of fraud is known as an "advanced fee loan scheme" and you should never provide funds in this manner. You should note that all emails from CIT include the "@cit.com" domain name. CIT employees do not conduct business from free email accounts such as Gmail or Yahoo mail. 

    Fraudulent websites for CIT Bank and CIT Bank, LTD.

    CIT Group Inc. ("CIT") is the sole shareholder of several regulated entities including CIT Bank, our Utah commercial bank, which operates bankoncit.com, a separate website, and CIT Bank Ltd., our UK commercial bank. It has come to our attention that one or more unauthorized websites have been created claiming to be either CIT, CIT Bank or CIT Bank Ltd. These websites appear to offer the ability to open bank accounts or make on-line deposits with CIT Bank, or offer "pay-day" or "fast-cash" type of loans, but they are actually fraudulent. CIT and its affiliated entities do not offer "pay-day" or "fast-cash" loans. Please do not send any money to these sites or attempt to open an account or make a deposit on-line as they are not CIT, CIT Bank or CIT Bank Ltd.  Instead, please contact the CIT Internal Audit Department - Antifraud Group by emailing antifraudgroup@cit.com or calling 973-740-5000. 

    Fraudulent offers for business loans/financing

    CIT Group, Inc. has received inquiries about offers for loans and financing from businesses who have been contacted by individuals representing themselves to be loan brokers. These "loans" are offered at very favorable terms and are usually received in an unsolicited manner via email, telephone, Skype, Facebook or LinkedIn messages. Often, these messages represent that they are being sent by a CIT executive. The "broker" offering the loan will then request an advanced fee "insurance payment" in order to process the loan. If you are approached with an offer for a loan in this manner, please do not send any payments for the advanced fee(s). Instead, please contact the CIT Internal Audit Department - Antifraud Group, by emailing antifraudgroup@cit.com or calling 973-740-5000.

    Business Email Compromise (BEC) fraud on the rise

    Regulatory and government agencies are warning about a continued and significant increase in BEC scams. Fraudsters have tried to steal billions of dollars from businesses, posing as company executives and ordering huge wire transfers. These scams can be in the form of emails, phone calls or texts. Many of the attempts are targeted to specific individuals or business functions (e.g., Payroll, HR, Accounting) and appear to be about everyday business processes. A common tactic is to convey a sense of urgency and/or secrecy. Often, the emails arrive late in the day, just before a holiday or weekend, or when the purported sender is out of the office. If you receive an email that appears suspicious, be sure to check the authenticity of the email prior to performing any wire transfers. Any suspicious email that you have questions about can be directed to the CIT Antifraud Group, by emailing corporateinvestigations@cit.com or calling 973-740-5722.