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    LRClemons's Avatar
    LRClemons Posts: 1, Reputation: 1
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    #1

    Jun 7, 2011, 06:51 AM
    Can a Bank be held responsible for the money they are to protect if warned
    Wachovia Bank in Atlanta Ga was given $225,000.00 in Aug 2009 from a Medical settlement and then in Oct 2009 they were contacted to close the accounts due to too much money being missing. The owner wanted an accounting of the money , but the money was going out faster than it could be accounted for. By Dec 2009, every dime was missing and the bank took no responsibility for it. Even when asked to close the account prior to the money being missing, they refushed and gave the excuse that the money could not be put back into the account if it was closed. SO therefor. I lost my home, my car and my medical settlement with all the medication etc. What do I do. I have written letters to all the proper chanels and it seems that the bank is going to get away with a quarter of a million dollars scott free. How is this fair? I contacted them and did all I could to stop this.
    Someone Please tell me what I can do? I have all documentation on the matter.
    J_9's Avatar
    J_9 Posts: 40,298, Reputation: 5646
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    #2

    Jun 7, 2011, 07:04 AM

    What has your attorney advised you about this?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #3

    Jun 7, 2011, 07:21 AM
    Quote Originally Posted by LRClemons View Post
    ... The owner wanted an accounting of the money , but ... SO therefor. I lost my home, my car and my medical settlement ...
    Your wording is slightly strange. Are you "the owner" who wanted the accounting?

    Do you have any idea where this money went? Did you withdraw it or did someone else take it?

    As J_9 is suggesting I think, for this large amount of money, assuming the money was yours, it should be easy to find any number of attorneys willing to take your case on a contingent fee basis.
    J_9's Avatar
    J_9 Posts: 40,298, Reputation: 5646
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    #4

    Jun 7, 2011, 07:25 AM
    Quote Originally Posted by AK lawyer View Post
    Your wording is slightly strange. Are you "the owner" who wanted the accounting?

    Do you have any idea where this money went? Did you withdraw it or did someone else take it?

    As J_9 is suggesting I think, for this large amount of money, assuming the money was yours, it should be easy to find any number of attorneys willing to take your case on a contingent fee basis.
    Considering this was a quarter of a million dollar medical settlement, apparently the OP had an attorney handling the medical suit. Was some of the money taken to pay the attorney? Had you ever had a judgment against you?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #5

    Jun 7, 2011, 08:55 AM

    I agree - with the wording as it is I cannot be sure who "owned" the account, who opened it, who controlled it.

    If it's a settlement controlled by an Attorney or third party go to Court and demand an accounting.

    Or is the allegation that the bank took the money?

    Or something else?

    And the OP lost medication due to this?

    Is there a competency issue?
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