The Expert Podcast

• Real-life example of a major bank being forced to repay victims of a Ponzi scheme.
• Even though banks aren’t the scammers, they can still be held accountable under certain conditions.
• If a bank failed to follow its own procedures or neglected basic fraud prevention practices, it could be considered liable.
• The core issue is third-party liability—when an institution indirectly enables fraud through negligence.
• It's crucial to investigate not just the scammer, but also other parties who may have failed to protect you.
• In many cases, the scammer is hard to find or the funds are already spent, making third-party recovery a practical path.
• This particular case involved a class-action lawsuit against Umpqua Bank for allowing scammers to exploit weak security measures.
• Victims united to seek recovery by holding the bank accountable for its role.
• Don't overlook third-party liability when seeking to recover stolen funds.
• For personalized guidance, visit actualhum.com to speak one-on-one with an expert in fraud and recovery.
• Watch other videos on our channel for more insights and tips to help with your specific situation.