BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Santander Escapes Liability in Customer’s $751K Crypto Scam
Santander Escapes Liability in Customer’s $751K Crypto Scam
6
2
A Massachusetts appellate court ruled that Santander Bank is not responsible for a $751,000 loss suffered by customer Lourenco Garcia in a cryptocurrency scam. Garcia personally authorized the transfers to Metropolitan Commercial Bank of New York, which were then used to purchase cryptocurrency via Crypto.com and an unspecified trading platform. Neither Santander’s customer agreement nor Massachusetts law requires the bank to block or investigate such transactions, even when tied to apparent fraud.
By:
Previous
Robert Kiyosaki Issues New Warning: U.S. May Face ‘Greater Depression’ Soon
Next
Yemen’s Crypto Exodus: DeFi Usage Soars 63% Due to U.S. Sanctions
