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Home >> Scams/Fraud
Fraudulent Withdrawals from Late In-Law's Account
My husband's father just passed away two days ago. Their relationship was not a good one; basically, his father died of alcoholism, and has been missing or drinking for the majority of his son's life. Last year, there was a another death in the family, and my father-in-law inherited a large sum of money in the estate. Now, one year later, almost all of that money is gone.
In cleaning out his apartment, we discovered his bank statements listing multiple high volume withdrawals over the course of three days, adding up to over twenty thousand dollars. Keep in mind, "Ken" was almost always in an altered state, and had been turned out of bank establishments before because of this. We also found a piece of paper with a forged signature on it, allowing a woman to withdraw funds from his account.
How do we go about investigating this? Do we talk to the bank first or the police first? We know that this is not "Ken's " signature, because Ken had lost his ability to even hold a pen long ago. We fear that this woman took advantage of him in his altered state, and essentially cleaned out his account. Before we contact this woman directly (we found her address and phone number), I'm looking for some advice on what to do next. I am talking to the police tonight, but I figured asking questions here would allow me to approach the bank with some kind of knowledge.
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 The bank won't be in a position to discuss any of the transactions in your late father-in-law's account with anyone except the legal representative of his estate -- an administrator or executor. If there is no estate representative, the bank should not discuss the account with anyone unless it is subpoenaed for the information. That may be the route that the police take, if they decide to press an investigation of the alleged fraudulent transactions.
Published on BankingQuestions.com 8/12/08
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