I was defrauded in vehicle transaction by a person through a bank branch in CA, is there any action I can take against the bank?
Question Details:
I was defrauded through a vehicle sales transaction where I wired money to an account in CA for a vehicle to be delivered to me. Money was received and withdrawn through an overseas account within 3 days. Is this legal? Should the bank have required the funds stay in the account longer for money laundering regulations? Is there any action I can take against the bank to request my money?
Business Law Answers
Unfortunately, you're probably out of luck here. The bank did exactly what you asked them to do. You gave the fraudulent person the money without putting it into escrow until you got the car. Since this was a domestic transfer, the oversight on transfers out of the country to keep money from going to terrorist organizations wouldn't have applied until the transfer from California.
However, if this is about someone working at the bank branch, who actively participated in this scam, you need to talk to a lawyer about this as soon as possible, because that sounds like a case.
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