A Texas car dealership is suing Broadway Bank, Discover Bank, and Capital One after losing $995,170 in a bank-impersonation scam.
On March 7, 2025, a caller posing as a Broadway Bank employee contacted Jim Dunworth’s dealership, using a number that appeared to be the bank’s. The caller falsely claimed unauthorized account access and instructed staff to initiate 12 wire transfers through the bank’s iBiz platform. Within about an hour, $995,170 was sent.
After the last transfer, a dealership official learned the caller was an impostor and requested Broadway cancel the wires. Ten of the transfers had gone to accounts at Discover Bank. The suit alleges Broadway failed to promptly secure the accounts, then pressured Dunworth to sign new liability-limiting agreements.
Discover and parent Capital One are accused of failing to freeze the receiving accounts despite recall requests. The lawsuit seeks actual, treble, and exemplary damages, plus attorneys’ fees, for breach of contract and deceptive trade practices.