PNC Bank accused of hiding evidence of wealth manager’s assault

PNC Bank accused of hiding evidence of wealth manager’s assault
The bank produced video of a man following an adviser to her car. Key footage is allegedly absent
FEB 28, 2020

Damara Scott, a former wealth manager for PNC Financial Services Group Inc., won $2.4 million from the bank earlier this month in a lawsuit that said she was groped by a customer with a history of harassing women.

Now Ms. Scott is asking for a new trial, alleging that PNC hid key evidence from her for years, and possibly altered it before finally handing it over.

Nancy Erika Smith, Ms. Scott’s lawyer, said in an interview that she was putting away files after the trial when she saw in photos what looked like bank security cameras, then demanded the video. What PNC sent her shows a man waiting for Ms. Scott at a branch in New Jersey in 2013 and following her to a car — but key footage is absent.

“They produced the video they hid from the police, the prosecutors, us, the jury, the court,” Ms. Smith said. “And guess what’s missing? The five seconds of the assault.” Video reviewed by Bloomberg shows the surveillance footage skips several seconds just after the man follows Ms. Scott to a car.

“It is shocking — never seen anything like it in my 40 years as a lawyer,” Ms. Smith said.

PNC will “vigorously oppose” Scott’s motion for a new trial, according to Marcey Zwiebel, a spokesperson for the Pittsburgh-based bank. She said it didn’t change or deliberately hide the video.

“Security videos are routinely and automatically stored in a way that preserves only those portions of a view where motion is detected — this is not unique to PNC,” she said. “No portion of the video we provided was corrupted. No portion of the alleged incident was edited out.”

Ms. Scott has said she was traumatized by the encounter in Glen Ridge, N.J., and that the bank had failed to properly protect her. The $2.4 million she won was for compensatory damages, and she’s now asking for a new trial for punitive damages.

The man, Patrick Pignatello, died soon after the alleged assault. He owned a construction company, according to an obituary, and was known around town as “Mr. Glen Ridge.”

Latest News

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.