#FraudAlert An 80-year-old Floridian is taking on JPMorgan Chase after scammers drained $1.3 million from her account â through 30 transactions over five months.
She claims the bank flagged the withdrawals as suspicious but failed to act or report them as required by state law.
JPMorgan, however, is pushing back, arguing the transactions were voluntary, and has filed to dismiss the case.
đ Why This Matters:
Raises questions about bank accountability and fraud prevention
Could set a precedent for large-scale scam liability
Highlights the ongoing risk to high-net-worth individuals in the digital age
This case is now under intense public and legal scrutiny, and markets could watch financial institutionsâ risk management policies closely.
#BankScam #JPMorgan #FinancialNews #MarketWatch
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