Home Scam/Fraud Abington pot shop sues HSBC Bank after losing $459k to oversea scammer

Abington pot shop sues HSBC Bank after losing $459k to oversea scammer

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ABINGTON ‚Äď After losing more than $459,000 to a scammer who hacked his email and¬†pretended to be a contractor, a Worcester and Abington pot shop owner is suing the bank he says¬†made it all possible.

Bud’s Goods & Provisions, owned by Alex Mazin, of Worcester, first filed the lawsuit¬†in March 2021 in state court¬†naming ¬†scam suspect Lam Yan Wun Merton. Mazin¬†added HSBC Bank to the lawsuit in September and the lawsuit has since been moved to federal court.¬†

In the lawsuit, attorney Peter Duffy said HSBC Bank should have known that the account used by the hacker, opened for personal use, was being used to transfer stolen money.

Documents received from the bank by Duffy show¬†that between July 2020 and March 2021, there were 20 transfers of over $10,000 into Merton’s account that were¬†transferred the same day they were each received at¬† Silvergate Bank. Silvergate¬†says it specializes in cryptocurrency, which is anonymous and…

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