Scammers fleeced pensioner out of $1,338. So he sued his bank for $379M
3 days ago
- #legal-battle
- #scam-victim
- #bank-accountability
- Ian Williams, a pensioner, was scammed out of $1,338, leading him to sue his bank, NAB, for $379 million.
- Despite providing CCTV footage and other evidence proving fraud, NAB initially refused to refund his money without conditions.
- Williams, a former private investigator, took the case to court himself, claiming 5.5% of NAB's profits as compensation.
- NAB missed the court deadline, resulting in a default judgment in Williams' favor, though later overturned.
- Williams' case highlighted systemic issues with banks' handling of scams, leading to a public apology and refund from NAB.
- The case spurred discussions on legislative changes to protect scam victims and hold banks accountable.