The Better Business Bureau of Southern Arizona issued a warning against an organization posing as Fannie Mae and Freddie Mac mortgage lending companies.

Scam organizers sent out letters announcing a lottery that gives people who lost a home a chance to buy another.

According to the letter, the F & F Equity Draw has $50 million to give away. 

The letter also states that some people have won as much as $5 million.

When BBB representatives contacted the company, they were told to wire the company $850 in processing fees before they can collect their winnings, according to a news release.

Consumers should verify the identity and legitimacy of an organization before sending any information or money.

If you receive a letter via postal mail proclaiming you are a winner, contact your BBB at 888-5353 or the local postal inspector’s office at 388-5311.

If you receive the notice in an e-mail, report it to the Federal Trade Commission at

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.