Michael Zidell, who lost $20 million in a crypto scam, is targeting Citibank along with East West Bank and Cathay Bank in his lawsuits, alleging negligence for ignoring signs of fraud, including suspicious transactions.
Zidell formed an online romance that led him to invest heavily in non-fungible tokens. He claims the banks facilitated the fraud by failing to detect the unusual money transfers connected to alleged scammers.
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