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 news station KPNX.
The caller told him a code sent to the victim’s phone was needed to dispute the charge.
The scammer used the code to access the account, created a fake ID, and then withdrew nearly $250,000 in four large in-person transactions at a Chase branch in Glendale, Arizona.
Police have released surveillance images of the suspect, who was seen wearing a white button-up shirt, suit and tie, as they appeal for the public’s help identifying him.
At time of publishing, there’s no word on whether Chase will reimburse the victim.
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