How to get banks to take responsibility for wire fraud and scams
Major banks often refuse to assist or send routine administrative letters when customers lose tens of thousands of dollars to wire fraud and operational failures. This leaves victims struggling to find specialized legal representation and fighting for months to force institutions to take accountability.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
- 1Proposing low upfront capital with creative arrangements like seller financing, earn-outs, or profit shares
- 2Offering to work for free in exchange for an apprenticeship or mentorship setup
- 3Submitting complaints to regulatory and law enforcement agencies like the CFPB, OCC, and FBI IC3
- 4Contacting state bar associations to find relevant legal representation
- 5Escalating through bank executive offices
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“I am in a desperate situation and looking for advice on how to force two major banks to take responsibility for a severe operational failure that cost me $71,541.70 in home closing funds.”source ↗
“For nearly 5 months, despite my daily and weekly follow-ups, Chase repeatedly refused to send this routine administrative letter.”source ↗
“I haven't been able to locate a lawyer who deals with bank wire fraud cases yet. Any attorney recommendations or referrals would be greatly appreciated.”source ↗
“I already got scammed for $11k, hence my 5k proposal. 😭”source ↗
Where this came up
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