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Family sues banks for negligence after man falls victim to phishing

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  • NewsNation
A Washington state family is suing Navy Federal Credit Union and Wells Fargo after a veteran lost millions of dollars in a wire fraud scheme. Retired Navy submarine commander Larry...
NBCBayArea

Man kills wife and sons before trying to take his own life after falling prey to online scam in Thailand

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  • NBC Bay Area
At least 11 people are suspected to be involved with a loan scam that allegedly drove a man to kill his wife and two young boys before trying to take...
Law com 02

‘Significant Guidepost in Bank Litigation’: Va. Appeals Court Rules Credit Union Not Liable for Scam Wire Transfers

  • Article
  • Law.com
"We decline to extend a duty to mandate the reporting of elder abuse or to mandate an action by a financial institution when elder abuse is suspected where the plain...
CUTimes

‘Disgusting’ Claims Made Against Bank & Credit Union Giants

  • Article, Featured
  • Credit Union Times
The multimillion-dollar fraud scheme that victimized retired U.S. Navy Commander Larry W. Cook began on Oct. 6, 2020 and ended April 20, 2021, the day before his death. In just...
WAVY TV 10

Family of retired Navy commander suing banks for $3.6M after he fell victim to phishing scheme

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  • WAVY-TV Online
The family of a retired submarine commander is taking their lawsuit against Wells Fargo Bank and Navy Federal Credit Union to a higher court, claiming they should have realized he...
KIRO

VIDEO: ‘They just let it happen’: Puyallup woman fights for late uncle who had $3M stolen in email scam

  • Article, Featured
  • KIRO 7 News
Janine Satterfield still mourns the death of her uncle, U.S. Navy Commander Larry Cook, who passed away in Virginia in 2021. Janine, a Puyallup resident, is the executor of Cook’s...
Law com 02

Federal Judge: ‘Bank Owes No Duty’ to Stop $3.68M in Wire Transfers in Suspected Elder Financial Exploitation Case

  • Article
  • Law.com
While the number of elderly people targeted slightly decreased from 2021 compared to 2022, the amount of money collectively lost nearly doubled from $1.7 billion to $3.1 billion, respectively, according...
CUToday info

Suit Alleges Navy FCU, Wells Fargo Neglected to Protect Elderly Member from Scam

  • Article, Featured
  • CUToday.info
Navy Federal Credit Union and Wells Fargo are the targets of a lawsuit that alleges both institutions failed to protect an elderly member/customer who was scammed out of more than...
USAToday

An elderly man was scammed out of millions. Could the bank have done more to prevent fraud?

  • Article, Featured
  • USA Today
Why would 76-year-old Larry Cook transfer over $3.6 million out of the country just before his death? That was tickling the mind of Janine Satterfield as she was mourning her...
WashingtonTimes

Banks failed to stop financial scam on dying man

  • Article, Featured
  • Washington Times
A Washington state woman is suing Navy Federal Credit Union and Wells Fargo to restore the legacy and estate of her late uncle, whom scam artists had tricked into transferring...
NBC4Washington

Virginia Lawmaker Calls for Tougher Elder Exploitation Reporting Laws

  • Article, Featured
  • NBC 4 Washington
A Virginia lawmaker wants changes to how banks respond to suspected elder financial abuse. “There’s nothing that gets under my craw more than people who target vulnerable people,” Del. Michelle...
NBC4Washington

Family Sues Banks After Veteran Allegedly Loses $3.6 Million in Wire Fraud Scheme

  • Article, Featured
  • NBC 4 Washington
The family of a Navy veteran who allegedly lost more than $3.6 million in an apparent wire fraud scheme is suing the deceased man’s bank and credit union in Virginia,...
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