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Bill Inspired by Navy Federal Member Who Lost $3.6 Million Passes Va. Legislature

A bill, driven in part after a former elderly member of the $170 billion Navy Federal Credit Union who lost more than $3.6 million in an international scam, was passed...
NBC4Washington

Virginia General Assembly passes law to strengthen reporting of elder financial exploitation

The Virginia General Assembly passed a measure to encourage banks to do more to spot, prevent and report the financial exploitation of elderly and vulnerable adults. Del. Michelle Maldonado, D-Manassas,...

Elder Fraud Prevention Advocate Janine Williamson Applauds Passage of HB 692 by Virginia General Assembly

The Virginia General Assembly passed House Bill 692 last week. The measure lays the groundwork for financial institutions to train their employees in how to identify potential financial exploitation of...

Plaintiff Appeals Dismissal of Negligence Lawsuit Against Navy Federal Credit Union, Wells Fargo After $3.6 Million of Elderly Veteran’s Savings Allegedly Sent to Scam Artists

A Washington state woman has filed an appeal with the U.S. Court of Appeals for the Fourth Circuit regarding her $3.6 million negligence lawsuit against Wells Fargo and Navy Federal...
CUTimes

Court Moves Navy Federal & Wells Fargo $3.6 Million Lawsuit to Mediation

A federal mediator for the U.S. Court of Appeals for the Fourth Circuit in Virginia is exploring any potential opportunities to settle a lawsuit involving Navy Federal Credit Union and...

Negligence Lawsuit Against Navy Federal, Wells Fargo Moves to Mediation after $3.6 Million of Elderly Veteran’s Savings Allegedly Sent to Scam Artists

A Washington state woman's $3.6 million negligence lawsuit against Wells Fargo and Navy Federal Credit Union has moved to federally mandated mediation in the U.S. Court of Appeals for the...
NewsNation

Family sues banks for negligence after man falls victim to phishing

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...
CUTimes

‘Disgusting’ Claims Made Against Bank & Credit Union Giants

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

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

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...
CUToday info

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

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?

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...
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