Chase Bank Sued in Financial Elder Abuse Cases.

Two lawsuits have been filed against JPMorgan Chase Bank in California, alleging elder financial abuse. In both cases, elderly bank customers were scammed by con artists who drained their accounts, and the plaintiffs argue that Chase should have intervened to prevent the losses. The lawsuits seek to recover damages for the fraudulent theft of over $2 million from the plaintiffs' accounts. Elder financial abuse is a growing concern in the US, and addressing barriers to retirement planning could help empower older adults to navigate their financial future with confidence and security. The text discusses two cases involving elderly individuals who were scammed out of their money through wire transfers facilitated by Chase Bank. The plaintiffs allege that Chase processed multiple wire transfers that were out of character for them, while Bank of America detected and denied the fraudulent transactions. The scams targeted vulnerable elderly individuals and relied on the assistance of banks. The cases are ongoing in the US District Court for the Northern District of California. Additionally, the text mentions a separate case where a Jamaican national was sentenced for his role in a sweepstakes scheme that targeted elderly victims in the United States. [Extracted from the article]