Victim company sues Capital One for fraud losses
JM Test Systems of Baton Rouge, LA is suing Capital One over two unauthorized ACH transfers from the company's account made in February 2009 for a total of over $97,000. The company claims to have reported the first unauthorized transfer on the same day it occurred, and that Capital One did not adhere to its stated terms of service in responding to the report and consequently allowed the second unauthorized transfer to occur. A detailed discussion of the suit and events surrounding it may be found in this Washington Post article.
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