JPMorgan Chase Employee Allegedly Steals $100,000 From Man With Alzheimer’s [HuffingtonPost] $JPM


Here’s a new one: A JPMorgan Chase employee has been accused of taking advantage of a man suffering from Alzheimer’s by pulling $100,000 from his bank account, according to a new lawsuit.

The curator assigned to make decisions for Herman Lafayette, who is legally incapacitated because of his Alzheimer’s, claims that a JPMorgan employee took advantage of Lafayette after his diagnosis in 2008. According to the lawsuit, the unnamed bank employee stole $100,000 from Lafayette over the course of a year (h/t Courthouse News Service).

A JPMorgan Chase representative told HuffPost that the bank had just been informed of the lawsuit, and that the bank takes “these matters very seriously and will investigate.”

Of course, banks have been accused of such misappropriation before. In 2010, JPMorgan allegedly had a Washington man unjustly arrested after he attempted to cash his own check. Then last summer, it was reported that Bank of America hadmisappropriated $30,000 worth of Social Security checks for one Riverside, California, resident. The bank only corrected the error after the Riverside District Attorney initiated an investigation.

Chase Lawsuit

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