JPMorgan Chase Banker Cheated Ill Client, Lawsuit Says
By
JUL 12, 2012 12:50pm ET
A
banker simply can issue himself a debit card under a customer's account
and withdraw $300 a day for more than a year, as a JPMorgan Chase
banker is alleged to have done in a new lawsuit.
The ruse is said to have begun as Alzheimer's disease tightened its grip on Herman Lafayette of Louisiana.
Lafayette's legal curator, LaaDonis Williams, is suing the bank and the banker for negligence, breach of contract, fraud and other charges in U. S. District Court in New Orleans, asking that the bank repay more than $100,000 in stolen funds. The banker is not named in the lawsuit.
"Defendant John Doe took advantage of Mr. Lafayette's illness. John Doe, as an agent of Chase Bank, closed Mr. Lafayette's current bank accounts, opened up other accounts and assigned himself (John Doe) a debit card to Mr. Lafayette's account," the suit charges.
The bank says it's pursuing the matter, but it has yet to file a reply in court.
"We only recently learned of the lawsuit and we take these matters very seriously and are investigating," Patrick Linehan, a JPMorgan spokesman, says.
The lawsuit does not identify the banker because JPMorgan Chase would not release his name, Williams wrote in an email. Williams hopes to obtain the name during the discovery process if the lawsuit proceeds, her email said.
The Huffington Post reported the lawsuit, filed June 29, on Monday.
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This Story by American Banker, made me nauseous. I'm not surprised though, and this in itself is concerning to anyone.
The ruse is said to have begun as Alzheimer's disease tightened its grip on Herman Lafayette of Louisiana.
Lafayette's legal curator, LaaDonis Williams, is suing the bank and the banker for negligence, breach of contract, fraud and other charges in U. S. District Court in New Orleans, asking that the bank repay more than $100,000 in stolen funds. The banker is not named in the lawsuit.
"Defendant John Doe took advantage of Mr. Lafayette's illness. John Doe, as an agent of Chase Bank, closed Mr. Lafayette's current bank accounts, opened up other accounts and assigned himself (John Doe) a debit card to Mr. Lafayette's account," the suit charges.
The bank says it's pursuing the matter, but it has yet to file a reply in court.
"We only recently learned of the lawsuit and we take these matters very seriously and are investigating," Patrick Linehan, a JPMorgan spokesman, says.
The lawsuit does not identify the banker because JPMorgan Chase would not release his name, Williams wrote in an email. Williams hopes to obtain the name during the discovery process if the lawsuit proceeds, her email said.
The Huffington Post reported the lawsuit, filed June 29, on Monday.
**********************************************************
This Story by American Banker, made me nauseous. I'm not surprised though, and this in itself is concerning to anyone.
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