JP Morgan Chase bank finds itself embroiled in yet another fraud case this time in a chase bank wire fraud lawsuit that has seen Diane Artemis Yaffe and Lin file a lawsuit against the bank following a significant loss of their hard earned money totalling to $2.2 million dollars. Diane and Lin both elderly women are suing the bank for what they call enabling massive theft of their savings.
What Happened To Diane Artemis?
In what many people see as a continuation of fraud related lawsuits filed against chase bank, Diane Artemis Yaffe and Lin are the latest people to move to court accusing Chase bank of Fraud in a Chase bank wire fraud lawsuit. Diane a 76 year old widow was a victim of pig butchering scam which happened in California. Diane and Lin were targeted by con artists who posed as representative from the IRS.
The scam saw Diane lose over $1.5 million dollars which forced to sell her only home together with other retirement benefits to compensate for her losses. On her part, Lin another victim of the Fraud was defrauded over $720000 with majority of the funds being her retirement savings too. This fraud left the two elderly women exposed financially devoid of any financial insecurity.
How the Scam Was Orchestrated
According to Diane Artemi’s lawyers in her Chase bank wire fraud lawsuit, Diane was called by a scammer pretending to be an employee of IRS. The caller threatened Diane with jail terms and heavy fines if she did not corporate to his terms. The terms were Diane send her life savings oversees through seven provided wire transfers.
Unbeknownst to Diane, this was a scam but out of fear of the jail term and heavy fines she proceeded to do as she had been instructed sending the money through the provided channels. Her lawyers argue that none of the wire transfers should have been allowed by Chase bank as they were obviously suspicious in nature and out of character of the bank’s normal transfers.
On its part and response to the Chase bank wire fraud lawsuit, Chase bank through its spokesperson Peter Kelly argued that the two victims of the scams were warned accordingly by the bank’s employees regarding the transfers before sending the money. However, this statement was contested by one of the victims Lin who claimed that the bank only warned her of the fraudulent nature of the wire transfers after sending the money.
She further argues that the bank never bothered to consult with her daughter whom she co owns the bank account with. Lin’s daughter raised further questions about why banks move with speed to question customers regarding their credit card purchases but fail to do the same when large sums of funds leave their accounts for oversees through wire transfers.
Diane Lin join the long list of oversees wire transfers frauds. These victims seem to underscore the long held narrative that Chase bank fails to protect its most vulnerable clients the elderly from vicious fraudsters. At the time of the Chase bank wire fraud lawsuit Diane and Lin are all aged women76 and 80 years old respectively.
With these frauds, Diane and Lin find their retirement plans shuttered completely with a looming financial crisis. As to whether they will get compensation from Chase bank only time will tell. As for now, they can only sit back and hope for the best while hoping that other elderly clients from the bank will not join them as victims of oversees wire transfer frauds.
