As an authorized signer on my elderly moms acct my bank committed a felonious theft seizing $60,000+ from my moms checking acct

Asked over 1 year ago - Salt Lake City, UT

this bank fraudulently misrepresenting her with a letter thanking her for calling them with approval to transfer the funds to them to cover the debt. She is in a skilled nursing facility - never made the call and the banks exploitation of an elderly person is taking place. What can I do to have the funds returned to her acct - she will be forced into medicaid if these funds are not returned HELP!

Additional information

The transferred funds were used by the bank on a debt occurred on my llc business line of credit. I had been in negiations with the bank at the time.

Attorney answers (1)

  1. Robert B Cummings

    Contributor Level 7

    Answered . As a general matter, assuming the bank had no authorization, there would be a valid claim to have all money returned and potential damages for elder abuse. But that is a broad generalization of the claim here.

    Fraud cases, especially involving elderly individuals, need quick attention from skilled attorneys. There is really not enough information provided to say "yes" definitely or "no" that the bank has over-reached. But to ensure that your mother is protected, contact the state bar immediately and ask for names of pro bono agencies that assist people with elder law claims. Also, make sure you maintain all of the records, keep notes of all conversations with the banks, and immediately write down your recollection of all facts and happenings to date. These records will be crucial once you are able to speak with an attorney.

    I wish you all the best in this matter and hope it works out.

    Nothing in this message should be construed as legal advice nor should the questioner act upon any of the... more

Related Topics

Criminal charges for fraud

Fraud is a white collar crime in which someone deceives another to secure unlawful or unfair benefits, such as financial or political gain.

Criminal charges for identity theft

Identity theft is using another person's identity in person, by mail, over the phone, or on the internet, with the intent to obtain information or assets.

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