A check got stolen from the USPS or a lock box and was altered and cashed by a bank in RI. That bank was taken over by the FDIC a few days later. When I reported the check fraud to my bank, they went after the now closed bank and the FDIC wrote them back to say will not return cashed funds, case closed. My bank then took the $21,000 out of my account. What action do I have to recoup the money?
Consult with the FDIC. You should ask them why this is not the liability of whomever has assumed the operations of the closed bank. This may be whomever bought the assets, or the FDIC. If it is the latter and they have an exemption afforded them because they are the FDIC, you may be forced to discuss the issue with a lawyer to determine if a lawsuit is in order. In many cases a person cannot sue the government. Whether that is the case here, is not known.
The last option is to ask the police if a case may be filed for theft. You check was taken and you have suffered a loss.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Consult with the FDIC. You should ask them why this is not the liability of whomever has assumed the operations of the closed bank. This may be whomever bought the assets, or the FDIC. If it is the latter and they have an exemption afforded them because they are the FDIC, you may be forced to discuss the issue with a lawyer to determine if a lawsuit is in order. In many cases a person cannot sue the government. Whether that is the case here, is not known. 