Financial institution of America Reportedly Refuses To Reimburse Buyer’s Stolen Funds – Till Media Begins Asking Questions

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Certainly one of America’s largest banks reportedly refused to refund a buyer who had her account drained by a scammer – till the financial institution confronted questions from the media.

Cheryl Friedman of Norton, Massachusetts says she acquired a name from a scammer claiming to be an worker at PayPal, resulting in hundreds disappearing from her Financial institution of America account, in keeping with CBS Boston.

Simply earlier than the prison known as her, Friedman says she was serving to a buddy with a sophisticated refund on PayPal, main her to imagine the decision was legit.

“So I mentioned okay, pondering that is coming legitimately from any person on PayPal and thru the app.”

Friedman then clicked a hyperlink despatched to her by the voice over the cellphone so as to supposedly confirm her account.

That’s when cash began to depart her checking account.

“They acquired $3,500. I believe, one, I believe it’s loopy, my preliminary response was I can’t even imagine this might occur… And I don’t perceive how somebody can entry your cellphone like that.”

The Massachusetts lady reported the fraud each to the police and to Financial institution of America, however her declare was denied for months.

Then, CBS Boston says it stepped in and acquired Friedman’s stolen a reimbursement. As soon as CBS started questioning BofA concerning the theft, the financial institution mentioned it had acquired new info from Friedman and refunded the cash.

Friedman says BofA ought to have further guard rails to guard in opposition to probably suspicious strikes of money.

“I really feel silly however I don’t need anybody else to get sucked into it. I really feel additionally, simply sadly, indignant at my financial institution for not flagging it and never having higher fraud safety.”

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