CEO Fraud: bank ordered to repay 100% of embezzled funds (329,255 euros) with interest

In the context of a dispute relating to CEO fraud, Cabinet LE BOT represented the interests of a company against its bank, SA CIC Nord-Ouest.

In the course of these proceedings, Cabinet LE BOT obtained, before the Cour d’appel de Douai, the full restitution of the embezzled funds by the fraudsters, amounting to 329,255 euros.

How did fraudsters manipulate a company employee to embezzle funds?

The case follows a “CEO fraud” suffered by our client in 2014, during which a fraudster convinced the company’s accountant to carry out three wire transfers to accounts in Romania, for a total amount of 329,255 euros.

The fraudsters constructed a complex scenario in order to provide a credible justification for the urgency and secrecy of the requested transactions.

The context of the operation was centred around an alleged “tax fraud”. This type of subject is often used in CEO fraud schemes to instil fear and impose total secrecy, thereby preventing the employee from consulting management or triggering the usual verification procedures.

The fraudsters used an authority figure to lend legitimacy to their instructions. Email exchanges revealed that the communications were conducted by a certain Mr Jean Duval, who presented himself as a “lawyer from the KPMG firm”. The use of a recognised firm such as KPMG served to contextualise the request and reinforce the credibility of the scenario.

Bank CIC NORD OUEST ordered to reimburse embezzled funds and pay damages

In this case, Maître Mikaël LE BOT was tasked with establishing the Bank’s liability on the grounds that the transactions were unauthorised and that the Bank had breached its duty of vigilance.

He ultimately obtained the full restitution of the disputed sums. Indeed, the Cour d’appel de Douai ordered CIC Nord-Ouest to pay the company the following amounts:

  • 329,255 euros in restitution of funds, with interest at the statutory rate from the date of the fraud.
  • 5,000 euros in compensation for non-material damages.
  • 15,000 euros pursuant to article 700 du code de procédure civile for legal costs.

Cour d’appel de Douai, Chambre 2 section 2, 13 novembre 2025, n° 24/00172

Read online:

https://www.courdecassation.fr/decision/691702e5e097417ee1be1a51

https://www.doctrine.fr/d/CA/Douai/2025/CAPC29EB9A1D6D7A80FD1F7

1521 2281 max

Need Personalized Legal Advice?

Don’t face your questions alone. A lawyer can call you back for free to review your situation.

Need Personalized Legal Advice?

GDPR:

Similar Articles

besoin d'un avocat pour votre crédit à la consommation ? conseils et défense de vos droits garantis

Need a Lawyer for Your Consumer Credit? Legal Advice and Defense of Your Rights

When facing difficulties related to consumer credit, it is essential to know your rights and understand how to enforce them. A lawyer specializing in banking ...

emxn1y8qbwogdxbsb2fkeg55bgfilxn0dw50lxnncbpvc2uvywlfcg9ydgfsx3nncf9tbxvfdhh0mmltz19haxdlyl92mtuvytu5mzjjnzytyzzhoc00nzdilwi4mwytmzc3ody2mzkwm2rjx2ltywdllnbuzw 720x480

Banking Fraud and the Duty of Vigilance: Lessons from the Heppner Case (Cass. com., 14 January 2026, No. 24-19.102, Published in the Bulletin)

In the context of companies that are victims of embezzlement committed by their own employees, French banking law rests on a complex balance between the ...
assets task 01jx05vcemetna0vzmvyjsc7ad 1749131663 img 0

Abusive acceleration clause: foreclosure avoided!

When facing foreclosure proceedings, the feeling of helplessness is often total. This is the challenge our firm took on for Mrs. X, whose primary residence ...