Chase Bank can't escape elder fraud lawsuit, Court rules

A federal court has denied JPMorgan Chase Bank’s motion to dismiss a lawsuit alleging the bank failed to protect an 80-year-old Miami resident from a well-known elder exploitation scam.

In November 2025, the plaintiff sued JPMorgan Chase Bank after fraudsters persuaded her to withdraw and invest over $1.3 million with promises of returns that never materialized. The complaint alleged that Chase processed 30 suspicious, high-risk transactions, including several six-figure withdrawals, despite its own systems flagging them. The lawsuit further alleges the bank failed to report the suspicious activity to Florida's Central Abuse Hotline as allegedly required under Florida's Adult Protective Services Act.

The ruling allows the plaintiff’s claims to move forward including that Chase Bank was allegedly careless and broke Florida law by not reporting suspected elder abuse, and failed its special obligation to protect her. 

A statement from Morgan & Morgan attorney Andrew Frisch and Konta Georges & Buza P.C. attorney Robert W. Georges follows: 

“We are grateful to the Court for this important ruling and its recognition that our client’s claims deserve to be heard. Financial fraud has become increasingly prevalent, especially among the elderly, and it can have devastating effects on individuals and families. We are ready to fight to recover everything our client had taken from her and ensure that this never happens to another of Chase's customers in the future.”