Vancouver’s Carolyn Robinson is suing the Canadian Imperial Bank of Commerce (TSX:CM) (CIBC) for $150,000 plus punitive damages, interest and costs because she alleges its Simplii Financial division did not act quickly to stop a fraud that cost her $150,000.
CIBC told BIV in an email that it is “declining comment as the matter is before the courts.” It has not yet filed a response to Robinson’s May 1 notice of civil claim.
Robinson did not say in her lawsuit exactly how she was first contacted by the alleged scammers but she said that in late October 2024, she began “corresponding” with them. These individuals allegedly posed as representatives of
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