Frontline’s systems show six ACH payments issued to a TD Bank account between Jan. 13, 2025, and Feb. 12, 2025, the lawsuit says. All payments made for the benefit of “Gulipec Cumas ve Iplik” were in the amounts of $184,372.13, $196,322.13, $195,002.70, respectively. $350,780.00, $295,484.90, and $204,515.00, totaling $1,426,476.86. Frontline alleges that TD Bank allowed an individual or entity with no legitimate connection to the company to open an account in Gulipek’s name, failed to implement reasonable measures to detect or prevent fraudulent account openings and abuse, and then allowed large sums of money to be obtained and quickly withdrawn from a single source.
Frontline Fabrics sues Chubb unit, banks over alleged $1.4 million fraud & more related News Here
