ISHPEMING — The Ishpeming Police Department has released a statement warning residents of a financial scam.

“Investigation into the scam shows the suspect(s) are likely based in Mexico or overseas,” said the statement. “The suspect(s) utilize spoofing tactics to appear as a trusted source through email.

“The tactic utilized by the scammer(s) is presenting themselves as a legitimate person you may know and are requesting a change to their financial institution, account number, routing numbers etc. The scammer(s) use pre-paid cards / fintech.

“Please use caution when receiving any type of calls/texts/emails regarding finances.”