---
title: "JPMorgan Sued after Millions Stolen from RayBan Maker Accounts – Ignored Red Flags"
publisher: "Share Talk"
author: "sharetalk"
published: "2022-04-26T14:08:54+00:00"
modified: "2022-04-26T14:11:48+00:00"
date: 2022-04-26
canonical: "https://www.share-talk.com/jpmorgan-sued-after-millions-stolen-from-rayban-maker-accounts-ignored-red-flags/"
category: "Blogs"
categories: ["Blogs", "Business & Support Services"]
tags: ["Court", "cybercriminals", "Essilor", "federal", "Fraudulent", "JPMorgan", "Manhattan", "Manufacturing", "Morgan Chase Bank", "New York", "RayBan", "Sued", "Thailand", "transfers"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# JPMorgan Sued after Millions Stolen from RayBan Maker Accounts – Ignored Red Flags

**Published:** April 26, 2022
**Author:** sharetalk
**Categories:** Blogs, Business & Support Services
**Tags:** Court, cybercriminals, Essilor, federal, Fraudulent, JPMorgan, Manhattan, Manufacturing, Morgan Chase Bank, New York, RayBan, Sued, Thailand, transfers
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

---

J.P. Morgan Chase Bank N.A. A unit of Ray-Ban, a French manufacturer of Ray-Ban glasses sued J.P. Morgan Chase Bank N.A.

- Essilor claims that the bank ignored suspicious transaction red flags

- Cybercriminals are alleged to have taken $272 million from accounts

Essilor Manufacturing (Thailand) Co. stated that J.P. Morgan knew of a “highly suspect pattern of fraudulent transactions”, but did not notify the company.

In a complaint filed Monday at Manhattan federal court, EMTC stated that red flags included a rise in monthly dollar volume of $15 million to more than $100 million, and money being transferred to shell companies at regional bank branches, often in high-risk jurisdictions.

“The fraudulent transfers were made in round dollars amounts (i.e. no cents), which is a drastic departure from previous periods when round dollar transfers were fairly common,” EMTC stated.

EMTC owns a Thailand manufacturing plant for EssilorLuxottica South. J.P. Morgan Chase Bank, a unit of JPMorgan Chase & Co. JPMorgan Chase did not respond to a request.

EMTC claimed it had recovered all but $100 Million of the stolen funds through a “costly and burdensome process.” They are seeking compensatory damages that will be determined in court.

Essilor International SAS is suing J.P. Morgan Chase Bank N.A., 22cv-03361, U.S District Court, Southern District of New York.

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