Wire Fraud

Bank of America, Zelle Processing of Fraudulent Transactions California Class Action

Bank of America (BofA) allows customers to withdraw money from their accounts and pay other parties via a service called Zelle. Unfortunately, according to the complaint for this California class action, it also seems to allow unauthorized parties to withdraw money from customer accounts and commit fraud. This class action brings suit against Bank of  Read more

Western Union Company Fraud Remission, Phase Two Settlement

The Department of Justice and Western Union Company entered into a deferred prosecution agreement on January 19, 2017. The complaint alleged the company had responsibility for certain criminal actions, including wire fraud and violations of the Bank Secrecy Act. It is putting up $586 million to compensate victims through this remission process. In this Phase  Read more