EddieJayonCrypto
15 May 25
Citibank is refusing to reimburse $40,000 that was mysteriously transferred from 88-year-old Lois Nadler’s account to a Hong Kong account about nine months ago. The bank claims Nadler authorized the transfer by phone, but Nadler denies this. The money was donations intended for her granddaughter’s s...
Citibank is refusing to reimburse $40,000 that was mysteriously transferred from 88-year-old Lois Nadler’s account to a Hong Kong account about nine months ago. The bank claims Nadler authorized the transfer by phone, but Nadler denies this.
The money was donations intended for her granddaughter’s surgery. Nadler, who lives in Bayville, New York, said, “I go to my checking account. It is wiped out. They told me that I made a phone call and I transferred to my friend in their Hong Kong branch $40,000. It was done by phone by me so there was nothing they could do about it.”
A spokesperson at Citibank stated that investigators are reviewing the case. Meanwhile, the bank is facing litigation over its security measures. In April of last year, New York Attorney General Letitia James filed a lawsuit against Citibank, accusing the trillion-dollar lender of having “lax security procedures” and failing to stop fraudulent transactions, even after customers reported suspicious activity.
Citibank’s refusal to reimburse Nadler has raised concerns about the effectiveness of bank security protocols in protecting vulnerable customers and safeguarding their funds.