Schwab Missed Red Flags in Gold Bar Scam That Cost Elderly Woman $278K, Lawsuit Claims

Scammers posing arsenic national agents tricked an aged pistillate into handing implicit $278,000, overmuch of it successful the signifier of golden bars. Now, Ruth Rootenberg is suing her brokerage firm, Charles Schwab, claiming that the institution overlooked aggregate reddish flags—and missed its accidental to support her from the scammers.

Rootenberg, 92, allegedly fell unfortunate to an impersonation scam betwixt February and April 2024, according to her suit filed past week successful a national tribunal successful Los Angeles. Schwab missed “numerous” reddish flags, specified arsenic out-of-character...

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