Billion-Dollar Bank Allegedly Loses $15,500,000 To Criminals in ‘Shocking’ Display of Incompetence and Negligence: Report

A New York-based bank is reportedly facing a new lawsuit after thieves allegedly looted $15.5 million from an account that belonged to a public utility firm. Garden City Park Water and Fire is suing First National Bank of Long Island for gross negligence amid allegations that the lender acted with “reckless disregard” and without the “exercise […] The post Billion-Dollar Bank Allegedly Loses... source: https://dailyhodl.com/2025/02/01/billion-dollar-bank-allegedly-loses-15500000-to-criminals-in-shocking-display-of-incompetence-and-negligence-report/