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US Banks Are Now Under Investigation For Wrongfully Closing Accounts
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Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
US Banks Now Receive Subpoenas Following a Massive Margin Call
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Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Home/Banking News/A US Vet Now Gets Money Drained From Bank Account
Market News Today - A US Vet Now Gets Money Drained From Bank Account

A US Vet Now Gets Money Drained From Bank Account

By Frank Nez
February 7, 2024
2
Updated on February 9, 2024

A US vet now gets money drained from a bank account and claims there is no guarantee she would be reimbursed the missing funds.

An Air Force veteran has revealed that $10,000 disappeared from her savings account.

Cruzita Barron said she trusted USAA with her money but claimed the bank couldn’t guarantee she would be reimbursed for the missing funds.

She revealed two transactions, worth $5,000 each, left her account, per the NBC affiliate WOAI-TV.

Barron only noticed after her card was declined at a coffee shop, leaving her surprised.

She also claimed that she didn’t receive any warning about potential fraud.

“I know I have money, not just $100 or $200. I know I have lots of money in there,” she said.

A total of $10,000 left the account, which plunged Barron into the red.

She was reportedly told by the bank to pay the $1,500 difference between the withdrawals and the amount of money that was in her account.

The ex-service member’s accounts were frozen while the bank launched a probe.

USAA explained that the funds had been wired to accounts containing her name.

She thought the bank didn’t believe her story when trying to explain it.

Barron fumed at how her case was reportedly handled.

“I was like, ‘What do you mean you can’t guarantee my money?’” she said.

Barron said the money was important to her after she had built up her savings.

Following the probe, she was provided with a check worth $8,500.

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Also Read: A US Bank is Now Freezing Some Retiree Accounts

Other Banking News Today

Market News Today - A US Vet Now Gets Money Drained From Bank Account.
Market News Today – A US Vet Now Gets Money Drained From Bank Account.

A business owner now loses a whopping $172K from his bank account after his money was drained by hackers, sources report.

Joshua Capps, of Alabama, said he’s been hit hard by the ordeal and is fighting to get the funds reimbursed.

Capps revealed that his iPhone had been hacked and fraudsters were able to access his Notes app, where he stored his bank passwords, according to local ABC affiliate WBMA-LD.

“Never in a million years did I think somebody would get access,” he told the outlet earlier this week.

“I had $172,000 boom, vanish.”

His bank, Regions, then sent verification codes to his number, which meant they were in the hands of the scammers.

An FBI probe traced the fraudster to Arizona, where it was found that they had deposited the stolen funds into three banks, including Chase and Wells Fargo.

Capps, a roofer, hopes he will be able to be reimbursed with around $100,000 of the amount that disappeared from his Regions account.

The bank has recommended how customers can protect their data.

Passwords should be tricky to guess and confidential data shouldn’t be sent via email.

Banks will never call customers asking for one-time verification codes, usernames, or passwords.

Fraudsters are known for tactics designed to panic unsuspecting customers into wiring money.

But some scammers might sound demanding, while others might have a convincing tone, reports The-Sun.

Jack Batz, from Illinois, revealed a fraudster, purporting to be a Chase employee, sounded convincing before he was swindled out of thousands.

These are tactics designed to trick victims.

Regions warned that scams from fraudsters purporting to be banks have become common.

Jessica Small, from Boston, lost almost $40,000 after receiving a text message she thought was from Bank of America.

Customers should also keep an eye out for scams that contain odd links and spelling and grammar errors.

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Also Read: A Massive US Bank is Now Closing Credit Cards

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Market News Today - A US Vet Now Gets Money Drained From Bank Account.
Market News Today – A US Vet Now Gets Money Drained From Bank Account.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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Market News Today - A Business Owner Now Loses Whopping $172K From Bank
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2 Comments
  1. Frank Nez says:
    February 7, 2024 at 6:39 pm

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  2. Frank Nez says:
    February 7, 2024 at 6:38 pm

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