Bank says it lost millions to fraud
December 16, 2010
Total Loss:
Unknown
A Los Angeles County businessman is accused in a lawsuit of stealing at least $3.5 million in a high-tech skimming operation at an Orange County bank seized last month by federal regulators. The failure of Westminster-based First Vietnamese American Bank cost the Federal Deposit Insurance Corp. $9.6 million.
Source:
Orange County Register
Posted in:
ACH and Wire Fraud