$6,520,000 Drained From First Horizon Customer’s Accounts After He’s Impersonated in Calls to the Bank, According to Lawsuit

Scammers drained millions from a business owner’s bank accounts through a series of fraudulent wire transfers after impersonating him in phone calls to the lender. Two of his companies allege in a lawsuit that First Horizon Bank permitted the transfers despite knowing about similar fraud involving other customers, says the law firm Fowler White Burnett. Misael Rosario, 68, founded Century Metals and Supplies 38 years ago. His companies, K&A Rosario Holdings LLC and MJR Fund I Inc., say they lost about $6.52 million through 15 unauthorized wires over three days in March. According to the amended complaint, a caller contacted First Horizon on March 3rd claiming to have a new cellphone, and within minutes the accounts were allegedly accessed from an unfamiliar New York IP address.

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