Ferrante v. Santander Bank, N.A.

United States District Court District of Massachusetts ) Michael Ferrante, ) ) Plaintiff, ) ) v. ) Civil Action No. ) 22-10628-NMG Santander Bank, N.A. ) ) Defendant. ) ) MEMORANDUM & ORDER GORTON, J. Plaintiff Michael Ferrante (“Ferrante” or “plaintiff”) was the victim of a business e-mail compromise scheme. He complied with a directive of the perpetrator, posing as an employee of a venture capital firm familiar to Mr. Ferrante, to wire $345,000 to an account at defendant Santander Bank, N.A. (“Santander” or “defendant”) in response to a sham capital call. As a result, Mr. Ferrante lost more…