Truist Sued by Delaware Law Firm Over Fraudulent Wire Transfer

Truist Financial Corp. was sued by a Delaware law firm over a fraudulent 2023 wire transfer tied to a real estate closing that led to a roughly $200,000 loss.

Truist allowed the fraudulent entity to open a bank account without properly verifying its legitimacy as required by the Patriot Act, Rhodunda Williams & Kondraschow LLC said in a lawsuit filed Thursday in the US District Court for the District of Delaware.

The fraudulent entity in June 2023 allegedly used fake wire instructions to divert funds from a real estate closing handled by the plaintiff law firm into the fraudulent Truist ...