CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.
  • stringereEnglish
    4·
    2 months ago

    Key Points

    • Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman Synapse.
    • Customers believed the accounts were backed by the full faith and credit of the U.S. government.
    • CNBC spoke to a dozen customers caught in the predicament, people who have lost sums ranging from $7,000 to well over $200,000.
    • While there’s not yet a full tally of those left shortchanged, at fintech Yotta alone, 13,725 customers say they are being offered a combined $11.8 million despite putting in $64.9 million in deposits.
    • Anticorp@lemmy.worldEnglish
      1·
      2 months ago

      Okay, is anyone going to jail, or are they just going to walk away Scott free with everyone’s money?

      • stringereEnglish
        2·
        2 months ago

        There is a group for the victims trying to get their money back but don’t hold your breath waiting for justice.