JPMorgan Sued After Millions Stolen From Ray-Ban Maker Funds
- Essilor claims bank ignored suspicious transactions, red flags
- Cybercriminals allegedly drained $272 million from account
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J.P. Morgan Chase Bank N.A. was sued by a unit of the French maker of Ray-Ban glasses, which claims the bank ignored red flags as international cybercriminals drained $272 million from its New York bank account.
Essilor Manufacturing (Thailand) Co. said J.P. Morgan was aware, beginning in September 2019, of a “highly suspicious pattern of fraudulent transactions” but didn’t notify the company.