It has been just revealed the fact that  JPMorgan Chase is saying tough luck to a customer after the bank handed tens of thousands of dollars over to an imposter with a fake ID. Check out the latest reports about this below.

JPMorgan does not reimburse customer following fraud

According to a report by WSB-TV in Atlanta, Georgia, Justin Lee claims to have lost $30,000 after an individual with fake identification and an incorrect social security number tricked Chase Bank into giving them the money. Lee has been struggling for over a year to recover his funds.

Despite losing an arbitration case, he sought help by reaching out to Senator Sherrod Brown, who currently heads the Senate Banking Committee.

The Senator’s office has taken up the matter and is working with Chase to ensure that Lee is rightfully compensated.

“We’ve sent a letter to the banks. We’ve reached out to them, we’ve pushed them. We’re hopeful that they’re going to come to the table and fix this.”

According to Lee, Chase has not provided any assistance, and unfortunately, the Federal Deposit Insurance Corporation, which is supposed to aid depositors in the event of a bank failure, is unable to provide any help either.

JPMorgan in the news

According to newly released court documents, JPMorgan Chase is being accused by a former high-ranking banker, James Staley, of concealing a series of shocking emails related to the financial institution’s association with Jeffrey Epstein.

Staley’s legal representative, Stephen L. Wohlgemuth, has requested a federal judge to mandate JPMorgan to surrender internal emails that supposedly demonstrate the bank’s awareness of Epstein’s criminal conduct.

RadarOnline reports that Wohlgemuth claims JPMorgan’s legal team already has some of the pertinent emails in their possession.

“This is likely the tip of the iceberg, as it appears that even more information available to the bank’s general counsel is being withheld…”

JPMorgan has placed the knowledge and conduct of its general counsel (and his staff) directly at issue in this case.

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