Venmo Fraud & Other Fraudulent Fund Transfers
Have you been the victim of a fraudulent transfer using Zelle, Venmo, Cash App or other peer-to-peer payment service? You may have a claim against your bank for failing to reimburse your account.
When you are either defrauded into disclosing your login credentials or a criminal gains control of your phone or other access device to make an unauthorized transfer, you are entitled to have the funds returned to your account.
Federal law requires banks to promptly investigate unauthorized electronic fund transfers when reported, and re-credit a customer’s account if an unauthorized transfer occurs.
We have discovered that many banks ignore these legal obligations, fail to investigate, and refuse to return the stolen funds to a customer’s account.
If you have been a victim of an unauthorized transfer and your bank did not reimburse you, contact our office immediately.
We will review your situation and determine if you have a claim for compensation.