The transactions, the lawsuit alleged, were ‘highly unusual’, as Yaffe had made only one wire transfer with Chase, several years earlier, for US$1,200 (RM5,676), sent domestically, the lawsuit claimed. The bank should have acted on obvious signs that Yaffe was being victimised in a case of elder abuse, the lawsuit alleged. — Photo by Joshua Hoehne on Unsplash
A year after her husband died of pancreatic cancer, Diane Yaffe of Redwood City picked up her phone in August 2022 and her already difficult life spun into a financial catastrophe.
That’s according to a lawsuit that accuses JPMorgan Chase Bank of facilitating the scam that stole almost all the 77-year-old widow’s life savings – US$1.8mil (RM8.51mil) – through fraudulent wire transfers.
