Report: Bank of America Account Falls Victim to Devastating Scam, Resulting in $2,000,000 Theft; Lawsuit Claims Alleged Negligence, Breach of Contract, and Violation of Federal Law
Bank of America (BofA) is facing a lawsuit from an elderly woman who claims the bank’s negligence allowed scammers to drain $2 million from her accounts. Lynne Bucklin, a 67-year-old resident of Florida, alleges that BofA failed to adequately protect her from a scheme that started with fake emails and phone calls from individuals posing as Federal Trade Commission (FTC) investigators. The scammers convinced Lynne that her social security number was compromised and provided fake credentials and documentation to make their claims appear legitimate. Despite the irregular nature of the transactions, BofA employees allegedly approved the transfers without questioning their validity. Lynne is now seeking legal recourse, accusing BofA of negligent hiring, breach of contract, and violations of federal law. She initially contacted the bank to recover her funds, but only $500,000 was recovered before the case was closed.