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Citibank is under scrutiny after refusing to reimburse $40,000 mysteriously transferred from an elderly customer’s account to Hong Kong. The bank claims the 88-year-old authorized the transaction, but she insists it was fraudulent. This comes as Citibank faces litigation over alleged lax security measures.
- Citibank claims an 88-year-old customer authorized a $40,000 transfer to Hong Kong, but she denies initiating it.
- The funds were intended for her granddaughter’s surgery, sourced from family and friends’ donations.
- New York’s Attorney General has sued Citibank for allegedly failing to stop fraudulent transactions despite warnings.
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