Thread: Chase Gets Man Thrown In Jail For Fraudulent Check

Chase Gets Man Thrown In Jail For Fraudulent Check, Except The Check Is Legit.
By Ben Popken

Ikenna, a 28-year old construction worker, went to deposit a $8,463.21 Chase cashier's check at his local Chase branch, only for the teller to decide that neither he nor his check looked right and he got tossed in jail for forgery, KING5 reports. The next day, a Friday the bank realized its mistake and left a message with the detective. But it was her day off, so he spent the entire weekend in jail.

By the time he got out, he had been fired from his job for not showing up to work. His car had been towed as well. It ended up getting sold off at auction because he couldn't afford to get it out of the pound. He had been relying on that cashier's check for his money but it was taken as evidence and by the time he got it back it was auctioned off.

All this while the cashier's check had been issued by the very bank he was trying to cash it at.

Chase didn't even apologize, not even after a year. A lawyer volunteered to help write a strongly-worded letter requesting damages. After trying hard to get a response, they sent KING 5 a two-sentence reply: "We received the letter and are reviewing the situation. We'll be reaching out to the customer."

Originally Posted by LAM

it happens all the time. when I first moved to silicon valley my first paycheck was very substantial well over the IRS 10K red flag limit. even after opening up an account with wells fargo the same bank the check was drawn on, the check didn't clear for 10 working days.

Hanging on to a check for it to "clear" adds about $14 billion profit to the banking industry. This day and age when money comes out instantly when you make a purchase, it still takes 3 to 10 days for a check to clear just like 30 years ago. Especially if it is going to you.