Revolut Faces UK Fraud Lawsuit After Scammer Stole €700,000
- It is one of thousands of fraud claims facing the fintech firm
- Revolut denies all the claims made at a London court hearing
A screen from the Revolut Ltd. app.
Photographer: Betty Laura Zapata/BloombergThis article is for subscribers only.
Revolut Ltd. is facing a UK lawsuit that could see it pay a Serbian energy company €700,000 ($735,880) as part of a fraud claim, calling into question the ease that scammers can operate on the fintech platform.
Terna Energy Trading d.o.o instructed its bank to send the €700,000 to a Revolut account it thought belonged to a business partner, according to documents filed at a London court. Terna alleges that the account belonged to a 22-year-old Czech fraudster.