Sophisticated Phone Scam Drains Quarter-Million from New York Man's Chase Bank Account

Sophisticated Phone Scam Drains Quarter-Million from New York Man's Chase Bank Account

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A 71-year-old New York resident fell victim to an elaborate phone scam, losing nearly $250,000 from his Chase bank account. The scammer impersonated a bank representative, initiating the fraud with a fake alert about an unauthorized transaction, ultimately leading to the withdrawal of a large sum of cash in Arizona.

A scammer posing as a bank representative has drained nearly $250,000 from a 71-year-old’s Chase bank account in a sophisticated phone scam that began with a fake fraud alert. The victim, who lives in New York, says he received a phone call claiming there was an unauthorized transaction on his bank card, reports the NBC-affiliated outlet.