You better check the UCC statutes in your state. They showed me where the law allows them to not replace the money.
From: Mike Hammett Sent: Friday, March 17, 2017 1:31 PM To: [email protected] Subject: Re: [AFMUG] Speaking of banks and banking *YOUR* bank didn't care. Mine will do anything reasonable to keep me happy. ;-) ----- Mike Hammett Intelligent Computing Solutions Midwest Internet Exchange The Brothers WISP -------------------------------------------------------------------------------- From: "Chuck McCown" <[email protected]> To: [email protected] Sent: Friday, March 17, 2017 2:28:06 PM Subject: [AFMUG] Speaking of banks and banking Had a long dormant account on a dormant LLC have some money deposited into it without my knowledge. Money that another company owed me. Then people from that commpany who are not members of that dormant LLC created checks using a printer that will print magnetic ink on blank check stock, wrote checks mostly draining that account. They wrote checks back to themselves and associates. The only way we noticed was that one of their attorneys told us the missing money was in that account. Went and looked and discovered the money “was” in that account. Many of the checks were signed with a cached signature of their former CFO who was still the only signatory on the account. He did not even know they had the ability to do that. Some of the money was his too. So forgeries in my opinion on counterfeit checks. The bank says that since I did not notice it in a timely manner and it happened more than 60 days ago... oh well, ... So, that bum on the street can make a check on your account and the bank will pass it and not really care. Keep an eye on all of your accounts folks.
