A brand new lawsuit accuses Financial institution of America of abruptly seizing and refusing to return tens of millions of {dollars} in belongings that belong to a buyer.
The grievance alleges BofA cracked open a secure deposit field belonging to Canadian coin collector Levend Coskun, taking a big assortment of gold and silver cash with out correct discover.
In accordance with the grievance, the incident occurred when BofA closed a department in Backyard Metropolis, New York, the place Coskun’s secure deposit field was situated.
Coskun’s legal professionals say BofA didn’t let him know what was taking place to his cash – a set value about $3.6 million.
“BoA claims it mailed the notices on March 5, 2021, March 26, 2021 and April 16, 2021, nevertheless, Plaintiff by no means obtained any such discover, and Plaintiff has by no means obtained copies of such notices regardless of repeated requests to BoA.
Always, BoA was in possession of Plaintiff’s appropriate residence tackle and on a number of prior events, it mailed financial institution statements and different correspondence to Plaintiff at his residence tackle… BoA made no try to contact Plaintiff by way of e-mail, phone and/or different different strategies of communication to tell him that BoA Backyard Metropolis was closing, and/or that Plaintiff wanted to take away the contents of his Secure Deposit Field.”
After not listening to again from Coskun, BofA allegedly drilled open the field, seized the cash, and despatched them to an out-of-state vault.
After ready practically three years to have the ability to come to the US, Coskun organized to fulfill a BofA worker to retrieve the contents of his secure deposit field.
Nonetheless, when he met with BofA worker, recognized as Nicole Davis within the grievance, Coskun was allegedly offered with a UPS package deal that had already been opened, and though the label on the package deal indicated that it weighed eight kilos, it solely weighed one pound and 11 ounces by the point Coskun obtained it – as a result of practically all the cash have been gone.
Coskun alleges that BofA has primarily stonewalled him so far as investigating the disappearance of the property.
In accordance with the grievance, BofA opened an investigation into the matter, however then shortly closed it and didn’t replace Coskun on the outcomes or findings.
BofA is accused of willful acts of misconduct and gross negligence, breach of contract and extra prices, and Coskun is searching for reduction for the lack of the cash, lack of earnings, emotional damages, value of attorneys and authorized charges, and different damages.
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