A local man with a disability and living on a fixed income was scammed out of hundreds of dollars on a popular cash app, trusted by the nation’s largest banks.
“Someone needs to be held accountable for this,” Larry Allebach tells 11 Investigates. “Not me.”
Now Congress is on the case as the feds report Americans losing $10 billion from fraudulent transactions through Zelle in 2023 alone.
“The banks of America have a dirty little secret,” Sen. Richard Blumenthal (D-CT) says. “It’s called Zelle.”
When we met Larry Allebach in his Mount Troy neighborhood, he had this to say to the person who stole from his checking account five times, using Zelle fraudulently:
“Oh, you’re a no good, dirty, rotten scumbag, taking advantage of senior citizens on disability.”
He showed us his bank statements and the five unauthorized Zelle transactions from May.
“One was $639, one was for $400, one …