NJ law firm sues TD bank over $200,000 cyber fraud scheme

By Bill Wichert (January 31, 2022, 7:53 PM EST) – New Jersey law firm Sapiro Gottlieb & Kroll has slammed TD Bank NA with a state lawsuit alleging the financial institution allowed unknown fraudsters to Steal over $200,000 from the firm’s trust account attorney with a fake username and password, and ultimately denied his claim for reimbursement.

Sapiro Gottlieb on Friday accused TD Bank of violating “contractual obligations” and its responsibilities under the state’s Uniform Commercial Code by processing fraudulent wire transfers totaling $202,660 over about a week last summer, including understood after the company had informed the bank of these illicit transactions.

Prior to the transfers, “SGK had asked TD to deactivate…

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