Banks Can Legally Steal Customer Funds From Private Checking Accounts

Banks Can Legally Steal Customer Funds From Private Checking Accounts
Susanne Posel Aug 20th
Occupy Corporatism
August 20, 2012

Link: banks-can-legally-steal-customer-funds-from-private-checking-accounts

In 2007, the Sentinel Management Group (SMG) collapsed, leaving many customer segregated funds lost after they had been used as collateral. After a plethora of lawsuits and creditor claims, a decision earlier this month in the 7th Circuit Court placed the banking cartels ahead of customer claims for funds returned. Essentially, the Bank of New York Mellon (BNYM) sued to be first in line for return on stolen customer account monies – and won the right by the US court system.

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