“American Michael Zidell, who previously accused Citibank of a scam, filed new claims against East West Bank and Cathay Bank. He believes that financial institutions had to stop the scam. About it reports Cointelegraph. According to the documents, Zidell transferred about $ 7 million to East West Bank accounts and more than $ 9.7 million in Cathay Bank. All transactions […]”, – WRITE: Businessua.com.ua
American Michael Zidell, who previously accused Citibank of a scam, filed new claims against East West Bank and Cathay Bank. He believes that financial institutions had stop the scam. About it reports Cointelegraph.
According to the documents, Zidell transferred about $ 7 million to East West Bank accounts and more than $ 9.7 million in Cathay Bank. All transactions are allegedly related to fraudulent NFT platform.
According to the plaintiff, in early 2023 he met a woman named Carolin Parker on Facebook. A month later, she said she had earned millions on NFT and convinced it to invest it through a platform she allegedly used herself.
Within a few months, Zidell has made 43 transactions totaling more than $ 20 million in a number of bank accounts provided by fraudulent marketplaces. In April 2023, the NFT platform “disappeared” with money suddenly.
Claims against East West Bank and Cathay Bank contain charges of complicity with securities fraud, negligence and ignoring suspicious transactions. According to Zidell, large sums of transfers should be of interest to banking security services, but there were no checks.
On June 24, he filed a similar claim to Citibank against 12 $ 4 million transactions, accusing the company of inaction.
The plaintiff requires compensation for losses, payment of legal costs and interest. In addition, he calls for holding institutions responsible for “promoting abuse of the elderly.”
We will remind, according to the results of June survey Kraken cryptocurrency, 48% of respondents called themselves the greatest threat to the safety of their digital assets
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