California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.
A California resident is suing three Asia-based banks over allegations they failed to conduct basic checks, which could have prevented crypto scammers from defrauding him of nearly $1 million.
In a lawsuit filed in a California district court on Dec. 31, 2024, attorneys for Ken Liem say their client was the victim of a pig butchering scam after being contacted on LinkedIn in June 2023 about a cryptocurrency investment opportunity.
Liem’s attorneys say their client was persuaded to transfer funds over several months to the alleged crypto fraudsters under the guise they would invest on his behalf.
