How Bank of America Gave Away My Money • Hacker News Board

Re: How Bank of America Gave Away My Money

#71

Post by Pigo » Thu, Apr 06, 2017, 12:58 PM UTC

wjnc wrote: post #9

What I don't get: Why would he pursue some court order he's not a party to? The only logical counterparty to this dispute is BoA. They gave away your money without proper title. That shouldn't hold up in court? That they gave some money to the LA Sheriff’s Department, that would be BoA to recoup.

If I got told I had to travel 6 hours to retrieve my money due to someone else's mistake, it would probably take law enforcement to calm the scene I would cause. I'm wondering how much this poor guy was bounced around because he was too much of a gentleman to express his frustration.

Re: How Bank of America Gave Away My Money

#72

Post by bandrami » Thu, Apr 06, 2017, 12:58 PM UTC

ewams wrote: post #59

They have failed to pay back billions, much less $3k. Do not do business with any organization on this list: https://projects.propublica.org/bailout/list

All TARP funds were paid back with interest. From a revenue standpoint, the government should bail out banks more often.

Re: How Bank of America Gave Away My Money

#73

Post by tstegart » Thu, Apr 06, 2017, 12:59 PM UTC

He should be calling up the plaintiff's lawyers, not BOA. Lawyers don't want to collect only to have to give it back. Find out who they are and call them. Any other attorneys involved as well. Once they have proof the money should not be given out, any ethical attorney would be very wary of handing out money.

It's also likely the money will be sitting in the trust account of an attorney before it actually gets dispersed, so he has more time that way. Contacting the bank for help in the legal system is totally the wrong way to solve this. They've given the money away and can't actually get it back even if they tried. They're a useless avenue at the moment.

Re: How Bank of America Gave Away My Money

#74

Post by maxlybbert » Thu, Apr 06, 2017, 1:03 PM UTC

wyldfire wrote: post #70

maxlybbert wrote: post #68

Earlier quoted context omitted.

Small claims court is actually mentioned in the Constitution. However, the actual guarantee in the Constitution is for claims of less than $20. All states also allow you to file for larger amounts, usually something like $5000.

I think you're referring to Amendment VII which provides for jury trials in matters greater than $20, not less than. This refers to guarantees of federal civil courts, in which this matter (all parties local to CA?) would likely not fall. > "In suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury, shall be otherwise…

You are right. Thanks for the correction.

Re: How Bank of America Gave Away My Money

#75

Post by nathantotten » Thu, Apr 06, 2017, 1:04 PM UTC

Wells Fargo did this to me many years ago from a business account. The State of California issued a seizer for unpaid taxes for another business. In the end I think Wells Fargo told us that our tax ID numbers were similar. We did end up getting the money back from the state of California after about 3 years. We of course never got back the penalties Wells Fargo charged or interest.

Re: How Bank of America Gave Away My Money

#76

Post by cthulhuology » Thu, Apr 06, 2017, 1:05 PM UTC

If everyone on this thread tweeted his story, he'll get his money back. In the age of social media, the only effective tool we have against corporations is public shaming.

Re: How Bank of America Gave Away My Money

#77

Post by threepipeproblm » Thu, Apr 06, 2017, 1:08 PM UTC

BofA also launders money for gangs, according to the FBI https://www.wsj.com/news/articles/SB100014240527023032922045...

They had to pay $17 billion because of the scale to which they institutionalized mortgage fraud http://nypost.com/2014/08/21/bank-of-america-to-pay-record-1...

The other big banks aren't too different... I went with a small, local bank years ago and haven't looked back.

Find a Local Bank http://banklocal.info/

Re: How Bank of America Gave Away My Money

#78

Post by doubleplusgood » Thu, Apr 06, 2017, 1:08 PM UTC

patio11 wrote: post #28

probably_wrong wrote: post #22

Earlier quoted context omitted.

In theory: the blog's author would counter argue that BoA didn't perform due diligence in checking that the order mentioned the correct person, and even then, they didn't send the notification on time. The court rules against BoA, and it's up to their lawyers to recoup the money. In practice: BoA pays straight out of their pocket, sends those $3.4K to losses, and shuts this down before the media finds out. And based…

Absolutely correct. This is pocket lint to Bank of America. The big banks operate at an absolutely mammoth scale; BoA has 208k employees. More consequential mistakes than this happen by the thousands every day. There is, quite literally, a budget for it. It is an unfortunate reality for the US that you have to present as a savvy professional, but as soon as BoA is institutionally aware that there is a savvy professio…

Fascinating. I love the Internet. Could you expand a little on the ghost writing bit?

Re: How Bank of America Gave Away My Money

#79

Post by mikeash » Thu, Apr 06, 2017, 1:13 PM UTC

brianwawok wrote: post #53

louhike wrote: post #3

I had the same problem with one of the biggest french bank. I saw an important withdrawal on my account in a city where I wasn't. I called my bank and I explained the situation. They told me I'll get the money back in one day. I asked if I should change my credit card in case it was hacked, they told me calmy it was just an error on their part because another client had the same last name. I just couldn't believe it.

I got a bonus 5k in my account once because a deposit was off by one digit. The bank was very prompt in taking their money back :)

I had something like that happen with a closed credit card. I don't know what the mistake was, but I suddenly had a $6,000 statement credit due to a misapplied payment. When I called to tell them, they offered to send me a check! After I declined the misbegotten windfall, they put in a little effort and figured out where it was supposed to go.

Re: How Bank of America Gave Away My Money

#80

Post by wheelerwj » Thu, Apr 06, 2017, 1:15 PM UTC

tstegart wrote: post #73

He should be calling up the plaintiff's lawyers, not BOA. Lawyers don't want to collect only to have to give it back. Find out who they are and call them. Any other attorneys involved as well. Once they have proof the money should not be given out, any ethical attorney would be very wary of handing out money. It's also likely the money will be sitting in the trust account of an attorney before it actually gets disper…

Not bad, contact the defendants attorney in writing, then inform them that you will be notifying the bar as well