On Tuesday, April 14, 2026, Allen Temple Community Economic Development Corporation (ATCEDC) filed an amended complaint in the US District Court for the District of South Carolina against Alexandria Nicol Rivera, ARGM Global LLC, Citibank, N.A., Community Federal Savings Bank (CFSB), Foris DAX, Inc. d/b/a Crypto.com, and Cross River Bank.

The lawsuit stems from a business email compromise (BEC) fraud scheme that resulted in a $310,583.74 loss for the non-profit, which provides affordable housing to 83 low-income families in Greenville, South Carolina.

According to the complaint, ATCEDC was preparing to pay off a mortgage loan with Greenville Housing Fund (GHF) in August 2025. On August 8, 2025, ATCEDC received an email that appeared to be from GHF, containing payoff information and wiring instructions. Unbeknownst to ATCEDC, the email had been intercepted and modified by the defendants, who substituted fraudulent wiring instructions directing the payment to a Citibank account controlled by ARGM Global LLC, a shell company owned by Rivera.

Relying on the fraudulent instructions, ATCEDC wired $310,583.74 to the ARGM Global Citibank account on August 8, 2025. After contacting GHF to confirm receipt of the funds, ATCEDC discovered the fraud and reported it to the Greenville Police Department and the FBI. The lawsuit alleges that the stolen funds were then distributed through a series of transfers to Rivera’s personal Citibank account and subsequently to other institutions, including Crypto.com and Cross River Bank.

The complaint alleges that $112,400 of the stolen funds were converted to XRP cryptocurrency through Crypto.com and withdrawn to an external blockchain wallet. The lawsuit further claims that Crypto.com bypassed its own “Know Your Customer” (KYC) system when a name mismatch was detected during Rivera’s account registration. Citibank is accused of negligence for processing the wire transfer despite red flags, including the appearance of both “ARGM GLOBAL LLC” and “GREENVILLE HOUSING FUND” in the beneficiary field and the loan payoff purpose. The suit also alleges that Cross River Bank received at least $210,000 in wire transfers originating from the stolen funds.

ATCEDC’s amended complaint asserts multiple causes of action, including violation of UCC Article 4A against Citibank, violation of the South Carolina Unfair Trade Practices Act against all financial institution defendants, conversion, unjust enrichment, civil conspiracy against Rivera and ARGM Global, and constructive trust against all defendants.

ATCEDC is seeking damages of $310,583.74, plus interest, treble damages, attorney’s fees, costs, restitution, and the imposition of a constructive trust over the stolen funds and related assets. The case highlights the increasing threat of BEC fraud and the responsibilities of financial institutions in detecting and preventing such schemes.

Please contact BlockTribune for access to a copy of this filing.