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BUSINESS BRIEFING / CRIME

Letters warn of 'payback time'

October 24, 2008|TIMES WIRE REPORTS

Threatening letters sent this week to banks and financial institutions declare "It's payback time" and promise death within 10 days, the FBI said.

More than 50 letters, most filled with white powder, that were mailed to Chase bank branches and federal regulatory offices in 11 cities this week have tested negative for toxic substances.

The FBI says the hoax is still a serious crime and is investigating the letters as a possible extreme backlash to the nation's financial crisis.

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