ATHENS, Ohio (WCMH) — As an Ohio city fights to retrieve $722,000 it lost in a cyberheist, new parties have involved themselves in the ongoing lawsuit, including a fellow victim.
Unknown defendants pretended to be contractors working with the city, using a slightly tweaked email to look plausible and receive the $721,976.26 payment. Court documents say the same offenders performed the same scheme three days later, taking $326,874.06 from Florida-based shopping center developer Regency Centers. Both were deposited into the same Republic Bank account in Louisville, Kentucky.
Now, Republic Bank has been approved to enter the lawsuit as it holds funds recovered from both cyber attacks. Most of this money was moved, but the bank was able to recover $349,522.10 of the stolen funds, which are now being kept in a controlled account for safe keeping, court documents state. Both Athens and Regency Centers believe they are entitled to the remaining funds.
“Republic is in great doubt as to whether the City or Regency Centers is entitled to the recovered funds,” the request to join the lawsuit states.
Republic Bank is not seeking to keep the money but is asking for court assistance in determining how the funds should be distributed. The bank is also asking for a court order protecting it from any legal action from Athens or Regency Centers.
In allowing Republic Bank to join the case, Regency Centers became a new party. Regency Centers waived its right to serve a summons or complaint in Athens County courts, but it will file an answer or motion by April 2, 60 days from when it was first summoned into the case.
Even if Athens was granted the recovered funds in their entirety, it would retrieve just under half of what was stolen. Regency Centers could also open a lawsuit in Florida, which would open up the case to a debate of which jurisdiction it should be under. However, court documents indicate Regency Centers intends to respect the jurisdiction of Athens County, despite its ties to the city.