The scammers created a bogus IFC Global Development Fund Program, using a fraudulent website active from the domain name ifcgrant.com.
From the fake website:
IFC Global Development Funding Program a World Bank Group initiative aimed at providing strong finance for Global Development & Support for idealistic Projects that promotes life and it's environment.
IFC provides a limited amount of grant funding to business initiatives that innovate in specific practice areas: biodiversity, sustainable energy, and corporate responsibility.
IFC offers a wide variety of financial products for private sector projects in developing countries.
To be eligible for IFC Global Development funding, you must meet a number of criteria
Be located in a country that is a member of IFC
Be in the private sector
Have a working email and phone
Be technically sound and good prospects of being profitable
Benefit the local economy; and
Be environmentally and socially sound, satisfying our environmental and social standards as well as those of the host country.
2121 Pennsylvania Avenue, NW Washington, DC 20433 USA
Type of message the victims see on the fake website after using the identification code provided by fraudsters:
IFC Global Development Fund Program
We congratulate you on being shortlisted to receive an approved payment of $10,000,000.00 (Ten Million United States Dollars) in the IFC Global Development Funding Program a World Bank Group initiative aimed at providing strong finance for Global Development & Support for idealistic Projects that promotes life and it's environment.
Your Reference Number has been approved for payment
Details of the Beneficiary
Full Name: xxx
Reference Number: xxx
Payment Authorization Code: IFC/xxxx/0ER2/2021
You have been fully authorized to receive this $10,000,000.00 (Ten Million United States Dollars) Global Development Fund through any of our disbursement Banks.
We’re delighted that the shortlisted beneficiaries who were paid before June, 2021 will be invited to Wahsington DC, USA for a conference aims to be a laboratory of knowledge sharing, learning, and great ideas. Under the theme of "Accelerating Change", topics covered include reflections on crisis, tools and tactics for becoming an agent of change, digital innovation and social activism, and building a new normal together.
Discussion progress on the work of the institutions. Other featured events include regional briefings, international development, issues of debt, economic recovery, vaccines, and climate. The public program of events will be streamed on World Bank Live and may be viewed from every part of the world.
This Conference will hold approximately 2,800 delegates from our member countries, 350 observer organization representatives, 800 members of the press, and 550 accredited civil society members.
Entry in the aa419 Database of fraudulent websites: https://db.aa419.org/fakebanksview.php?key=150026.
From the domain name registration:
Domain Name: IFCGRANT.COM
Updated Date: 2021-04-21
Creation Date: 2021-04-21
Registrar Registration Expiration Date: 2022-04-21
Registrar: TLD Registrar Solutions Ltd.
Domain Status: ok
Registry Registrant ID: Not disclosed
Registrant Name: Domain Admin
Registrant Organization: Whois Privacy Corp.
This is what the fake website looks like:
The privacy protection in this case is given to fraudsters located in Nigeria.