The Virginia Court of Appeals reversed a circuit court’s judgment against Navy Federal Credit Union, finding that an elderly woman who was scammed into sending $134,500 in fraudulent wire transfers failed to plead any cause of action for which relief could be granted.
The three-judge panel unanimously agreed that under the Uniform Commercial Code, Navy Federal Credit Union had no duty to prevent the wire transfer, and that the plaintiff, Delores B. Lentz, failed to plead another common law or statutory duty not superseded by the UCC that the credit union had toward her regarding the wire transfers, according the appellate court’s opinion filed Tuesday.
