Alleged Mark Nussbaum fraud victim sues Flagstar Bank
A victim of an alleged escrow fraud scheme is now suing Flagstar Bank, saying it should have acted to stop the theft. Elizabeth Capital Success had $148 million allegedly diverted from an attorney escrow account by former attorney Mark Nussbaum, who is facing state charges of grand larceny related to similar allegations. Now, in a suit filed Monday in U.S. District Court for the Southern District of New York, the firm says Flagstar Bank, where Nussbaum deposited his funds, knew about the fraudulent activity. Flagstar employees flagged suspicious transactions from Nussbaum’s account, according to the complaint, but a key vice […]
This article originally appeared on The Real Deal. Click here to read the full story.
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