NYC Grandma Sues Bank Over $700K Scam Loss
TL;DR Summary
An 86-year-old woman from NYC lost $700,000 to a sophisticated scam that exploited her age-related memory loss, leading her to make unauthorized withdrawals. Her family is now suing Bank of America and Merrill Lynch for negligence, arguing that the banks failed to flag unusual activity despite her history of small withdrawals and added oversight.
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