Bank of America Corp. told a 92-year-old customer it would attempt to recover nearly $40,000 he lost to a phone scam—but only after the man signed legal papers promising not to discuss the fraud or sue the bank. The bank couldn’t guarantee it would recoup any of the money, but under the terms of the agreement, if the elderly man is asked about the funds he sent scammers or efforts to recover it he must say “the matter has been resolved,” according to a copy of the document reviewed by The Wall Street Journal.

Source: Wall Street Journal January 31, 2020 10:30 UTC