Bank of America Accused of Seizing Customer’s Assets in New Lawsuit
A new lawsuit has been filed against Bank of America (BofA) alleging that the bank seized and refused to return millions of dollars in assets belonging to a customer. The complaint states that BofA opened a safe deposit box owned by Canadian coin collector Levend Coskun without proper notice and took a large collection of gold and silver coins. The incident occurred when BofA closed a branch in Garden City, New York, where Coskun’s safe deposit box was located. Despite claiming to have sent notices, BofA failed to inform Coskun about the situation.
Allegations and Lack of Communication
The complaint alleges that BofA mailed several notices regarding the closure of the branch and the need to remove the contents of the safe deposit box. However, Coskun claims that he never received any such notices and that BofA did not make any attempt to contact him through alternative methods of communication, such as email or telephone. Furthermore, Coskun’s lawyers state that BofA had his correct home address on file and had previously sent bank statements and other correspondence to that address.
Seizure of Assets
After not hearing back from Coskun, BofA allegedly drilled open the safe deposit box, seized the coins, and transferred them to an out-of-state vault. When Coskun finally arranged to meet with a BofA employee to retrieve his belongings, he was presented with a package that had already been opened. Additionally, most of the coins were missing from the package. Coskun claims that BofA has not cooperated in investigating the disappearance of the valuables.
Accusations and Legal Action
The lawsuit accuses BofA of willful acts of misconduct and gross negligence, breach of contract, and additional charges. Coskun is seeking relief for the loss of the coins, loss of income, emotional damages, cost of attorneys and legal fees, and other damages resulting from BofA’s actions.
Hot Take: Bank of America Faces Legal Trouble Over Alleged Asset Seizure
A new lawsuit has been filed against Bank of America (BofA) by a customer who claims that the bank seized and refused to return millions of dollars in assets. The customer alleges that BofA opened their safe deposit box without proper notice and took a large collection of valuable coins. Despite claiming to have sent notices, BofA failed to inform the customer about the closure of the branch where their safe deposit box was located. This lack of communication and subsequent seizure of assets has led to legal action against the bank.
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