Customer Says Dollar Bank Policy Should Have Ended $4 Million Scam

By Matthew Santoni (January 21, 2022, 7:14 PM EST) – A woman who was tricked into converting $4.3 million into cryptocurrency and transferring it to scammers has told a Pennsylvania state court that Dollar Bank had a policy that should have reported and stopped wire transfers, claiming this made the bank liable for negligence.

Seeking to dismiss Dollar Bank’s preliminary objections to her trial, Mary Clayton’s attorney said the bank’s alleged policy of screening wire transfers and stopping them if they were suspicious created a positive obligation on the bank to protect it, regardless of federal regulation, citing the Pennsylvania Supreme Court’s decision in Dittman v. University of …

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