Cash Paid Out No Sale
Originally uploaded by Thomas Hawk
The DC Government has filed papers for a $105M lawsuit accusing Bank of America of mishandling checks as part of the check-cashing scandal that’s sent several former DC Government employees to jail.
They want $105M in recovery & damages for the involvement of Walter Jones, an assistant manager at a DC-area Bank of America. Of course, BofA only handled about $34M of checks as part of the scandal. The District argues that they’re entitled to three times the total lost funds amount, under law, plus punitive damages for the actions involved.
Well, that’s one way to get your funds back if the conspirators have already spent most of them…
I live and work in the District of Columbia. I write at We Love DC, a blog I helped start, I work at Technolutionary, a company I helped start, and I’m happy doing both. I enjoy watching baseball, cooking, and gardening. I grow a mean pepper, keep a clean scorebook, and wash the dishes when I’m done. Read Why I Love DC.
