Bank of America’s Merrill Lynch To Pay $9,500,000 in Damages After Employee Steals $2,590,000 From Customer, Splurges on Jewerly, Strip Clubs, Hotels and Shopping: Report

Bank of America’s wealth advisory unit Merrill Lynch has agreed to pay $9. 5 million to settle a fraud suit brought by a former NFL player. Reshad Jones accused a former adviser at the unit of embezzling $2. 59 million and using the money for personal expenses, ESPN reports source: https://dailyhodl.com/2025/10/17/bank-of-americas-merrill-lynch-to-pay-9500000-in-damages-after-employee-steals-2590000-from-customer-splurges-on-jewerly-strip-clubs-hotels-and-shopping-report/