FBI: Mailed Threats Declare "Payback Time"

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WASHINGTON - Threatening letters sent this week to banks and financial institutions declare "it's payback time" and promise death to its readers, according to the text of the message released Thursday.

More than 50 letters mailed to Chase Bank branches and federal regulatory offices in 11 cities this week, most filled with white powder, have so far tested negative for any dangerous toxins.

But the FBI says the hoax still is a serious crime and is investigating the letters as a possible first, if extreme, public backlash over the financial crisis in the United States.

"Steal tens of thousands of people's money and not expect reprercussions (sic)," says the letter, which is written in all capital letters. "It's payback time. What you just breathed in will kill you within 10 days. Thank (name redacted) and the FDIC for your demise."

The FBI would not identify the person whose name was deleted. The FDIC stands for the Federal Deposit Insurance Corp., an independent government-backed agency that insures most deposits in U.S. banks.

Authorities said the letters appear to be from the same source and were focusing on possible suspects near Amarillo, Texas, where the envelopes were postmarked.

Since Monday the letters have been opened in the offices of Chase Bank branches, the FDIC and the U.S. Office of Thrift Supervision, which regulates all federal and many state thrift institutions. They were sent to offices in or near 11 cities: Atlanta, Georgia; Chicago, Illinois; Columbus, Ohio; Dallas, Texas; Denver, Colorado; Newark, New Jersey; New York City; Oklahoma City, Oklahoma; Phoenix, Arizona; San Francisco, California; and Arlington, Virginia.

An FBI spokesman said letters sent to Oklahoma were filled with harmless calcium.

The U.S. Postal Inspection Service has offered a reward of up to $100,000 for help in arresting the letter mailers.

"The FBI and our law enforcement partners are following up on numerous leads and if anyone has information they are requested to contact the FBI, USPIS or local authorities. You can also go to www.fbi.gov to submit a tip," an FBI statement said.