7 On Your Side Recovers $106,000 for Long Island Couple After Investment Account Hacked

Investment Account Hacked and Funds Stolen

• 💡 A Long Island couple lost $106,000 from their online investment account due to a sophisticated cyber theft.
• ⚠️ The hackers managed to withdraw funds through eight separate transactions, including large sums of $30,000, after locking the couple out of their account.
• 🏦 The couple, both retired lawyers, found their account frozen and were unable to recover the money through their own legal efforts.

Seeking Help from 7 On Your Side

• 🆘 Frustrated and out of patience, the couple turned to Nina Pineda and 7 On Your Side for assistance.
• 🤝 The news team took on their case, presenting the couple's argument to Erade and its parent company, Morgan Stanley.

Successful Reimbursement and Resolution

• ✅ In a swift resolution, Morgan Stanley acknowledged the fraud and fully reimbursed the couple for the stolen $106,000.
• 👏 The couple expressed immense gratitude, highlighting the significant positive impact of 7 On Your Side's intervention.

Security Recommendations

• 🔒 Morgan Stanley emphasized its commitment to client asset protection and advised Erade customers to set up activity alerts on their phones.
• 📱 These alerts can provide push notifications for unrecognized login attempts, enhancing account security.