BOA placed a fictitious debit in the amount of $888,888.88 on each of my account transactions, froze and closed my business and personal checking accounts, gave me no warning, no explanation, no chance to defend and kept all my account holdings. I couldn't do payroll for my employees nor have money for the monthly business expenses because of business account holdings seizure. I couldn’t buy foods and needed items to take care of my family nor have money to pay the bills and debts because of the personal checking account holdings seizure.
I am starting this blog for a few reasons:
1). General frustration with Bank of America Corporation (BAC) operating in a heavily regulated industry that is granted powers by the State and Federal governments treating citizens like trash.
2). To see if anyone else has run into similar situation at Bank of America (BOA) or another bank?
3). If this has happened to others, how did they get their money back?
4). Lastly, as a warning to others: BOA labels any one of customers with a problem is a scammer and commits fraud. BOA Risk Management would place fictitious debit $888,888.88 to every of your account transactions to create million dollars account overdrafts, with the excuse of insufficient funds, BOA will steal from you over and over again.
Searching for Internet on Google about BOA bizarre debiting $888,888.88 exploded with results of horror stories. I’m stunned this is what BOA does when they suspect an account of fraud, and most people have to fight like hell. No amount of discussion even escalating to the Branch Manager and Regional Manager could get the Risk Department's decision overturned not to mention to get their money back. Many people post that their credit scores have been ruined; fraud flags have given them trouble at other banks because BOA report account fraud to Chex Systems to ruin their life.
BOA Risk Management bizarre attitudes toward their customers are: BOA is always right and the customers are always wrong. BOA Risk Management would always find customers with problem place a fictitious debit in the amount of $888,888.88 on each of their account transactions so that it would appear that customer accounts were overdrawn, when they were not. While account is become inaccessible, with the excuse of insufficient funds BOA further added $35 each penalty for reprocessing payment and extended NSF to account every 5 days. Then BOA froze and closed customer account, and seized the account holdings afterwards. BOA state they don't have to have a reason and it’s against policy and privacy to tell you a reason! Bank of America also refused to return the money that customer had in its accounts and also refused to provide a reason. BOA argued that it was entitled to hold customer’s money without giving any reason.
What is this thing BOA called "privacy" “policy”? I hear a lot about them. It’s for a passing convenience or an illusion of security for BOA to take money from customers without going to court. Even Federal Judge Paul A. Crotty said he never heard of a bank simply holding a depositor’s funds without any explanation. “I thought maybe the government was trying to seize these … proceeds. But it’s not. It’s just the bank who’s conducting its own investigation. They don’t give an explanation. I’ve never heard of that.” (Orbital Publishing Group, Inc. v. Bank of America, N.A., Case No. 1:11-CV-3065 (PAC) S.D.N.Y.)
Orbital Publishing Obtains Federal Court Injunction Preventing Bank of America from Seizing Bank Accounts and Falsely Debiting Accounts $888,888.88. New York law firm, Lennon & Klein, P.C., Successfully Represents Depositor Against Bank of America. In May 19, 2011, Federal Judge Paul A. Crotty has done the right thing by issuing an injunction directing Bank of America, N.A. to release Orbital Publishing Group, Inc., depositor’s bank accounts holding hundreds of thousands of dollars which Bank of America seized without justification or explanation. Good blessing is to Orbital Publishing Group, Inc.
Enduring and coping with BOA recent disasters, I’m at my lowest point of life and feeling completely hopeless to live this life. Every day I feel tired for no reason. I have trouble getting up in the morning even I have slept 8-10 hours. I feel trapped and helpless, and find no stimulant to get going and to prop me up during the day. I may not have any obvious signs of physical illness, but I live with a general sense of unwellness, tiredness or “gray” feelings.
Avoid BOA like the plague. BOA WILL screw you eventually. It may not be this month or this year but eventually you will regret doing business with BOA.
Learning the dark side of BOA banking operations from other people’s misfortunes and decide what to do to protect you from banking with disasters. Please be smart and don’t open an account with any Bank of America in the USA. BOA WILL STEAL YOUR MONEY!
Showing posts with label account seizure. Show all posts
Showing posts with label account seizure. Show all posts
Friday, December 30, 2011
Bank of America Put Fictitious Debit $888,888.88 on My Accounts and Seize All Account Holdings.
BOA put a fictitious debit in the amount of $888,888.88 on each of my account transactions, froze and closed my business account, gave me no warning, no explanation, no chance to defend and kept all account holdings. I’m freaking out right now because BOA was my main bank and BOA has seized virtually all my money.
In 10/06/2011, I login BOA online account, shocked, stunned and confused to see my BOA business account was being processed with an amount of -$888,888.88 along with $594 wire payment simultaneously. Initially, I thought someone was stealing the money from my BOA business account. After spending hours on the phone with BOA Customer Services Representative trying to get to the right department, finally I was told nothing can be done but to call the Risk Management for clarification.
Next day, I went to BOA Branch ask for help for the clarification of unauthorized withdrawal of $888,888.88. The Branch Manager told me, it’s BOA Risk Management who put a debt of $888,888.88 to my account whenever there is questionable transaction. The BOA Branches have no power to do anything but suggest me to call: 877-240-6886 X2 to get $888,888.88 debit clarified. I have called the Risk Management several times; the phone was always connected with an automated message asking me to leave a message with my account number, phone number, and information on the nature of the fraud. By asking for a phone number, the Risk Management Department was leaving the indication that someone would call back. No one ever called me. The Risk Management people are above the law, whom I obviously had no chance to be in contact with.
In 10/10/2011 another $594 wire payment was transferred to my business account, BOA put another debit of $888,888.88 on my business account. Then there was $40 research fee imposed to my BOA business account.
A mail dated 10/19/2011 was received and notified me that my business account is being closed; I have the option of collecting the money in person at the BOA Branch and BOA will report my account fraud to ChexSystems that would resulted in problem doing business with other banks. When I got to BOA Branch, was told that there is some flags on my business account, BOA Branch has no authority to let me withdraw the money from my BOA business account. I was further informed verbally by the BOA Branch that BOA HQ is sending it to an investigator to finish the closure process; the account balance will be in a BOA bank check via mail. Another mail dated 10/27/2011 was received and notified me that my BOA business account holdings will not be remitted.
Endure BOA disaster, and lost account holdings to BOA account seizure. BOA will not even tell me why but state BOA has the right to close your account at any time and for any reason. Was BOA entitled to seize my account holding without justification or explanation? I’m at my lowest point of life and feeling completely hopeless to live this life. Suddenly, I have stomach cramp. My entire stomach was hot and shooting sharp pain, then the muscle and nerve pain is shooting all over my body inside of the skin, joints, bones, tissue, even brushing hair the pain came from the hair. I couldn’t stand up, couldn’t sit, couldn’t touch and couldn’t sleep comfortable without suffering from pain. I was rushed to doctor emergency room. Doctor couldn’t determine what was wrong so Emergency Doctor won’t prescribe medication but instruct me to take Tylenol to relieve the pain for now. With primary care physician and GI physician referrals, I have gone through blood tests, ultrasound scan and colonoscopy. The results show I have severe potassium deficiency and internal hemorrhoid.
Has anyone encountered a similar problem before? Any advice?
In 10/06/2011, I login BOA online account, shocked, stunned and confused to see my BOA business account was being processed with an amount of -$888,888.88 along with $594 wire payment simultaneously. Initially, I thought someone was stealing the money from my BOA business account. After spending hours on the phone with BOA Customer Services Representative trying to get to the right department, finally I was told nothing can be done but to call the Risk Management for clarification.
Next day, I went to BOA Branch ask for help for the clarification of unauthorized withdrawal of $888,888.88. The Branch Manager told me, it’s BOA Risk Management who put a debt of $888,888.88 to my account whenever there is questionable transaction. The BOA Branches have no power to do anything but suggest me to call: 877-240-6886 X2 to get $888,888.88 debit clarified. I have called the Risk Management several times; the phone was always connected with an automated message asking me to leave a message with my account number, phone number, and information on the nature of the fraud. By asking for a phone number, the Risk Management Department was leaving the indication that someone would call back. No one ever called me. The Risk Management people are above the law, whom I obviously had no chance to be in contact with.
In 10/10/2011 another $594 wire payment was transferred to my business account, BOA put another debit of $888,888.88 on my business account. Then there was $40 research fee imposed to my BOA business account.
A mail dated 10/19/2011 was received and notified me that my business account is being closed; I have the option of collecting the money in person at the BOA Branch and BOA will report my account fraud to ChexSystems that would resulted in problem doing business with other banks. When I got to BOA Branch, was told that there is some flags on my business account, BOA Branch has no authority to let me withdraw the money from my BOA business account. I was further informed verbally by the BOA Branch that BOA HQ is sending it to an investigator to finish the closure process; the account balance will be in a BOA bank check via mail. Another mail dated 10/27/2011 was received and notified me that my BOA business account holdings will not be remitted.
Endure BOA disaster, and lost account holdings to BOA account seizure. BOA will not even tell me why but state BOA has the right to close your account at any time and for any reason. Was BOA entitled to seize my account holding without justification or explanation? I’m at my lowest point of life and feeling completely hopeless to live this life. Suddenly, I have stomach cramp. My entire stomach was hot and shooting sharp pain, then the muscle and nerve pain is shooting all over my body inside of the skin, joints, bones, tissue, even brushing hair the pain came from the hair. I couldn’t stand up, couldn’t sit, couldn’t touch and couldn’t sleep comfortable without suffering from pain. I was rushed to doctor emergency room. Doctor couldn’t determine what was wrong so Emergency Doctor won’t prescribe medication but instruct me to take Tylenol to relieve the pain for now. With primary care physician and GI physician referrals, I have gone through blood tests, ultrasound scan and colonoscopy. The results show I have severe potassium deficiency and internal hemorrhoid.
Has anyone encountered a similar problem before? Any advice?
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