Texas Bank Sues Customer After $800,000 Scam
February 1, 2010
Total Loss:
$800,000
A Texas bank is suing one of its commercial banking customers following an incident in which the customer lost $800,000 through fraudulent ACH transactions. PlainsCapital Bank, a $4.4 billion bank headquartered in Dallas, has filed suit against Texas-based Hillary Machinery Inc., following a series of incidents that began last November, when cyber thieves made a series of ACH transactions that totaled $801,495 from Hillary Machinery Inc.'s bank account.
Source:
Bank Info Security
Posted in:
Internal Fraud