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| October 23, 2018

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Amazon Fires Employee for Sharing Customer Emails

October 6, 2018 | said it has terminated an employee responsible for an incident in which a third-party seller on the tech giant’s website got access to email addresses of some Amazon customers. US Business

‘Angry’ About Customer Complaint, Eatery Owner Puts Up a Sign

October 5, 2018 |

A customer at a chain pizza restaurant in South Carolina didn’t like that his lettuce bowl wasn’t getting refilled the way he wanted, and the owner of that eatery pushed back in the most “bless your heart” way possible. The reason behind the commotion: The customer at Greenville’s Pizza Inn…

Jack Dorsey’s Square will start lending for customer purchases

October 4, 2018 |

Square Inc. is offering loans to customers to pay for goods and services from merchants that use its payment platform, another move by the company to push deeper into financial services.

Merchants in 22 states, including California, will be able to offer the installment payments on purchases of…

L.A. Times – Business

Philadelphia Checkers employee allegedly threw hot grease on customer in drive-thru over order dispute

September 11, 2018 |

The incident reportedly happened at around 3 a.m. at a Philadelphia, Penn., location.
FOX News

Philly Fast Food Worker Threw Hot Oil at Customer, Cops Say

September 11, 2018 |

Police say a Philadelphia fast-food worker threw hot oil at customers during an argument at the drive-thru window. Police allege the employee threw the cooking oil through the window during a dispute with three women over an order at about 3 a.m. Saturday at a Checkers restaurant. A 20-year-old…


Nike’s Colin Kaepernick Deal Adds Up When You See Customer Data … And We Did

September 6, 2018 |

Nike didn’t just embrace Colin Kaepernick because of his views … its market research was clear — the race, age and political views of most Nike customers are in sync with the new ad campaign. Sources with direct knowledge of Nike’s demographics…

Facebook Asks Banks for Customer Data

August 7, 2018 |

Facebook has asked large U.S. banks to share detailed financial information about customers, including card transactions and checking-account balances, as it seeks to boost user engagement. What’s News Asia

Japanese Bank Mizuho Sued by Mt Gox Customer

August 2, 2018 |

Japanese Bank Mizuho is Being Sued by a Mt Gox Customer

According to regional reports the Japanese financial institution, Mizuho Bank, is being accused of creating issues for Mt Gox customers who were hoping to withdraw funds after the exchange collapsed. Allegedly, even though the bank stopped processing Mt Gox withdrawals, it continued to accept deposits right before the exchange went under.

Also Read: Bitcoin Cash Fans Celebrate Independence Day One Year Later 

Mt Gox and Mizuho Bank

Japanese Bank Mizuho is Being Sued by a Mt Gox CustomerMt Gox customers have a bone to pick with the Japanese financial establishment Mizuho Bank Ltd (TYO:8411; NYSE:MFG), as a few Mt Gox clients claim the bank has been secretive about its relationship with the now-defunct trading platform. Just before the exchange went under as customers were unable to process withdrawals, Mt Gox CEO Mark Karpeles allegedly decided to keep the bank account open. The bank tied to Mt Gox allegedly continued accepting wire deposits, according to an interview with Joseph Lack from California.

California Case: Joseph Lack v. Mizuho Bank

Japanese Bank Mizuho is Being Sued by a Mt Gox CustomerIn January of 2014 Lack sent $ 40,000 USD to the Mt Gox account held at Mizuho Bank and the financial institution accepted the funds. One month later Mt Gox fizzled into thin air and would never open again. So Lack decided to take Karpeles and Mizuho to court because he believes both parties should have disclosed information to customers concerning the issues with Mt Gox. Lack also says Mizuho Bank committed “fraud” by not processing withdrawals, but still accepted people’s money through wire deposits, charging transaction fees in the process.

Mizuho Bank Denies Allegations, But Couldn’t Get the Case Dismissed

Mizuho Bank has denied the allegations, and had tried to get the case dismissed in the US. However, the California court decided to side with Lack and the motion to dismiss was denied. Mizuho Bank’s defense details why they continued accepting customer deposits.    

“To accept a wire transfer is passive conduct, especially because, by its nature, a wire transfer is not a communication between people, but just a transmission of information electronically from a machine at one bank to a machine at another. Indeed, Lack is not alleged to have had any direct contact with Mizuho,” explains the Japanese financial institution.

Lack says the bank should not have stayed silent and it shouldn’t have accepted the deposits. The plaintiff is also suing the financial institution for damages. The Mizuho account tethered to Mt Gox had customers stemming from 175 countries and it is estimated that 30,000 were US residents. The case called Joseph Lack v. Mizuho Bank will proceed in California since the dismissal was denied. Mizuho Bank believes it hasn’t committed any wrongdoing and says the issues that took place were merely “incidental,” and not on purpose.

What do you think about the case of Mt Gox customers sending funds to Mizuho Bank? Let us know what you think about this subject in the comment section below.

Images via Shutterstock, Mizuho Bank and Mt Gox logs, and Pixabay. Mizuho Bank, Ltd is the integrated retail and corporate banking unit of Mizuho Financial Group (TYO:8411; NYSE:MFG), one of the largest financial services

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The post Japanese Bank Mizuho Sued by Mt Gox Customer appeared first on Bitcoin News.

Bitcoin News

Burger King customer overdoses in drive-thru, gets revived, then arrested

July 7, 2018 |

Indianapolis Metropolitan Police Department officials were quick to respond.
FOX News

AT&T, Sprint Boost Customer Fees

June 29, 2018 |

AT&T and Sprint have recently raised the administrative fees they charge customers, moves that will bring in hundreds of millions of dollars in additional revenue for the companies. US Business