Regions Bank alleged to have allowed third party to make off with $200K from man's account

NEW ORLEANS – A man alleges Regions Bank was negligent in allowing an unknown third party to fraudulently access more than $200,000 from his account.

Robert T. Pendleton filed suit against Regions Bank, its insurer and John Doe A/K/A Majid Bin in the Orleans Parish Civil District Court on Nov. 20, 2014.

On March 20, 2008, the plaintiff contends he and Regions Bank reached a credit agreement establishing a home equity line of credit “secured by immovable property” with a limit of $100,000. In May 2010, the plaintiff was contacted by Majid Bin, one of the defendants claiming to be an attorney, who advised the petitioner to engage in a sequence of “banking transactions” to obtain a large amount of money.

During their interaction, the petitioner alleges he unequivocally trusted the defendant and carried out transactions without question.

A representative of Regions Bank allegedly contacted the petitioner after a series of approximately five payments resulted in $275,181 in transactions.

The Regions Bank employee deduced the transactions were administered by a third party and most likely in the form of a check, the suit says.

Five transactions made between May 24, 2010 to June 14, 2010 totaled approximately $275,181, the suit says. The plaintiff alleges he was only made aware of the “reversed transactions” after a fifth and final payment.

The Regions Bank fraud department has allegedly sent threats of imprisonment to the plaintiff as a result of these supposed fraudulent withdrawals and transfers. Therefore, Pendleton claims Regions Bank negligently and unwittingly helped Bin in scamming him.

The plaintiff is represented by Raashand M. Hamilton of Hamilton Law Associates LLC.

The case has been assigned to Div. N Judge Ethel S. Julien.

Case no. 2014-11147.