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PNC Bank, Coin Dealer Sued Over $400K Elder Fraud Loss
A retiree has filed a lawsuit against PNC Bank and American Coin & Stamp Co. Inc., a New Jersey-based precious metals dealer, alleging they failed to recognize and act on “red flags” related to an elder financial exploitation scheme. The lawsuit claims that the plaintiff lost nearly $400,000 in gold coins to scammers as a result of the alleged negligence. The article outlines the core accusation against the bank and the coin dealer for their purported roles in the exploitation.