Long Island couple sues Chase Bank after their $25K savings account disappears

justiceleague00's avatarJustice League

LONG ISLAND — For Long Island couple Anna and Salvatore Russo, when it came to keeping track of their savings account at Chase Bank, they relied on their signature card, paper withdrawal and deposit records.

That was in 2002.

But now, there’s a big problem.

“They lost it. They don’t know what happened to it – and they can’t explain it,” Salvatore Russo said. “And they feel they don’t have any obligation even though we have a book. I don’t see any right in that.”

The Russos are now suing J.P. Morgan Chase, one of the largest banks in the country.

After they opened the savings account 15 years ago, the couple acknowledges they left the money in the account for several years.

It was a long-term investment.

“So I told her the same thing. I said, ‘you must be kidding.’ And then I started laughing because I was friendly with them. I said there’s gotta be someone…

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Home Is Where the Fraud Is

Excellent story and book! Highly recommended.

Dana Snitzky's avatarLongreads

David Dayen | Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud | The New Press | May 2016 | 26 minutes (7,150 words)

Below is an excerpt from Chain of Title, by David Dayen, the true story of how a group of ordinary Americans took on the nation’s banks at the height of the housing crisis, calling into question fraudulent foreclosure practices. This story is recommended by Longreads contributing editor Dana Snitzky

* * *

How could you not know who I am if you’re suing me?

Lisa Epstein drove down Highway A1A, along the Intracoastal Waterway, back to her old apartment in Palm Beach. At her side was her daughter Jenna, in a car seat; atop the dashboard was an envelope containing the monthly payment on her unsold co-op. Though her house was in foreclosure, Lisa always paid the mortgage on the apartment, her fallback…

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