Judge Rules Against Newtown Savings Bank In Wired Money Case: Report

NEWTOWN, CT — Newtown Savings Bank allowed the fraudulent wiring of $67,000, a Connecticut district court recently ruled in a lawsuit filed by a Shelton company, wrote the News-Times.

In 2018, Precision Computer Services filed a lawsuit because the bank reportedly refused to reimburse the lost money.

The company said that it had been the victim of an email scam, and Judge W. Glen Pierson agreed. Pierson stated that the bank did not properly authenticate the request for a wire transfer, which turned out to be fraudulent.

Read the News-Times story.