First Horizon Bank Faces Federal Lawsuit Over Alleged Failure to Prevent $6.5 Million Fraud
Attorneys from Fowler White have filed an amended federal complaint against First Horizon Bank, alleging the institution failed to prevent approximately $6.5 million in unauthorized wire transfers. The lawsuit, representing K&A Rosario Holdings, LLC and MJR Fund I, Inc., claims that the bank allowed account access via an unfamiliar New York IP address shortly after a fraudulent caller requested assistance. The legal action is part of a broader pattern of litigation in Florida, with three separate lawsuits collectively alleging over $24 million in unauthorized transfers occurring between December 2025 and March 2026. The plaintiffs argue that First Horizon had prior knowledge of similar account takeover tactics involving other clients but failed to implement sufficient protections to prevent subsequent fraudulent activity.
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Topics: account takeover banking litigation fraudulent transfers unauthorized wire transfers