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Massachusetts Court Clears Santander of $751K Scam Liability

4/19/2025

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Summary

Story summary

In a landmark ruling on April 18, 2025, a Massachusetts appellate court declared Santander Bank free from liability for a staggering $751,000 loss suffered by customer Lourenco Garcia in a cryptocurrency scam. The court determined that Garcia had authorized all transactions, absolving the bank of any responsibility to intervene, thus concluding a grueling two-year legal struggle.

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Story summary

In a landmark ruling on April 18, 2025, a Massachusetts appellate court declared Santander Bank free from liability for a staggering $751,000 loss suffered by customer Lourenco Garcia in a cryptocurrency scam. The court determined that Garcia had authorized all transactions, absolving the bank of any responsibility to intervene, thus concluding a grueling two-year legal struggle.