DALLAS, Sept. 27, 2019 / TheStockDork / — Comerica Bank (NYSE: CMA) is denouncing a group operating in Asia that is infringing on its brand.
The group, VRB, falsely claimed to have financial backing from Comerica, and now Comerica is biting back.
In a statement released Friday, the bank condemned VRB, calling the false affiliation claim “an attempt to draw investment into a cryptocurrency scheme”.
VRB held events in which they falsely advertised support from Comerica in Malaysia, the Philippines, Vietnam, and Japan. Comerica claims that VRB went to extreme lengths to propagate the lie, even hiring actors to portray Comerica employees at some of these events.
Comerica emphatically stated that it has no relationship with VRB. “Those involved with VRB cryptocurrency have sought to use the Comerica brand name to lend their operation legitimacy, and individuals attempting to make that association are not Comerica employees,” the bank said in last Friday’s statement.
Comerica’s promises that its legal team “continues to aggressively pursue takedown of VRB web domains that make reference to Comerica.”
Representatives from VRB Corporation were commented for comment on this story, but haven’t replied as of this writing. The group’s website, VRBcorporation.com, appears to be offline.
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