by A California man is attempting to determine how his entire retirement savings was stolen in a single fell swoop at an Atlanta bank.
Ira Siegelman doesn’t stay in Atlanta and has by no means even been to Atlanta. Still, somebody walked right into a Buckhead Chase bank with Siegelman’s IRA rollover examine pretending to be him. That criminal walked out of the bank practically half 1,000,000 {dollars} richer.
“The gross negligence is simply mind-boggling at so many ranges,” Siegelman mentioned.
Siegelman reached out from his southern California dwelling to Channel 2 Consumer Investigator Justin Gray after getting nowhere for greater than three weeks attempting to get his stolen a refund from Chase.
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Siegelman’s $400,000 IRA rollover examine from a 30-year Department of Defense profession was apparently stolen from the mail and cashed at the Peachtree Road Chase department.
Siegelman says he was by no means contacted by Chase. He solely discovered what had occurred when he known as the U.S. Treasury questioning the place the cash was and was informed he cashed the examine in Atlanta.
“Chase Bank by no means contacted me. Obviously, they by no means did the due diligence as a result of the examine wasn’t even made out to me. It was made to Vanguard Investments,” Siegelman mentioned.
Not solely was the examine made out to Vanguard, however the thief even misspelled Siegelman’s title when endorsing it.
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Chase additionally allowed the criminal to open two checking accounts in Siegelman’s title and write $25,000 price of checks.
“I checked with Chase and so as to open a checking account you want two types of ID and a social safety quantity. They didn’t have any data apart from what was printed on the examine, which is simply my title and handle,” Siegelman mentioned.
Gray reached out to Chase Bank who won’t touch upon the fraud or what went unsuitable with safety measures.
They did launch an announcement that learn:
“We are reaching out to the U.S. Treasury Department to allow them to file a fraud report with us. That will permit us to ship the $400,000 again to them and so they can reissue the examine to Mr. Siegelman or ship him the cash electronically.”
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