• Report: #607980

Complaint Review: Chase - JPMorgan - Chase Bank

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  • Submitted: Thu, May 27, 2010
  • Updated: Sun, February 06, 2011

  • Reported By: PMTS Intl Pasarela — New York New York United States of America
Chase - JPMorgan - Chase Bank
New York, New York United States of America

Chase - JPMorgan - Chase Bank Chase Bank Helps Theives Get Away With Your Money! New York New York

*General Comment: Chase Bail-Out Money

*Consumer Comment: ***It looks like JP Morgan Chase is part of the Federal Reserve, right? Anyone can 'Google' this- WHO OWNS THE FED?, and go to the site with the chart of ownership....

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NEW YORK, NY, April 30, 2010 PMTS Intl Pasarela, a twenty five year New York City based business is seeking justice on a serious issue that nearly crippled its business and closed its doors. Doors that have been open to the multi-cultural community they serve in an effort to provide training and coaching to individuals in need with the necessary skills to succeed in the entertainment industry, society, and the general workplace. These courses have uplifted thousands of individuals and brought a new sense of self worth and taught many to be secure with themselves and who they are. Through determination and perseverance, they have kept their doors open because they love the community they serve and feel the services that they provide benefit the multi-cultural community at large. Beginning in 2008 through 2010, PMTS Intl Pasarela was a victim of a series of a check cashing schemes. While there have been arrests and prosecution of individuals relating to these thefts, and individuals involved have been charged with various crimes, the bank that they dealt with at the time, Chase Bank, has refused to honor their claim and replace the monies that were stolen. At the time of the theft, they were dealing with the Chase Bank branch located at 305 Seventh Avenue in Manhattan. Once they discovered the theft, they acted in a most responsible manner by immediately notifying Chase and the NYC Police Department so that they can avoid any further losses. However, upon filing a Business Forgery Questionnaire with Chase Branch management of the branch at 305 Seventh Avenue of J.P. Morgan Chase, the company that received substantial amounts of bailout monies from the Treasury, they were informed that it may be in their best interest to end their twenty (20) plus year banking relationship with Chase as a result of placing this claim. PMTS Intl Pasarela management and officers were shocked and appalled. How could an organization that has an extensive history with Chase, a bank with such allegedly high standards, suggest that a client go elsewhere because they were a victim of theft? After some research they found that websites such as www.ripoffreport.com show over 1,669 complaints against Chase Bank for similar situations while (((Redacted))) show over 4,771 complaints against the banking giant. In an effort to prosecute and assist the NYC Police Department, PMTS Intl Pasarela required information from Chase. Several times they had requested documents, and their request fell upon deaf ears. Chase had not been fully co-operative with PMTS Intl Pasarela regarding the investigation of this matter. PMTS Intl Pasarela management made several requests for copies of checks (front & back) to provide the forged and stolen checks to the District Attorneys Office. After many trials, tribulations, and repeated requests, Chase finally co-operated. The manner in which Chase handled this claim is below acceptable standards in the banking industry, the industry the taxpayers of America had bailed out a short time ago. PMTS Intl Pasarela advised Chase Banks Legal Department as well as their CEO, of this issue, and their right to appeal, albeit in vain, as letters that were sent did not so much as receive a reply. Is it possible this theft may not have resulted if Chase Banks security procedures were in place and signatures were verified to see blatant forgery? Chase Bank denied PMTS Intl Pasarelas claim for the crediting of these stolen checks that they report to be over $29,000.00 stating that they failed to exercise ordinary care in preventing the related forgery and theft. PMTS Intl Pasarela does not believe that they failed to exercise ordinary care. They diligently protected their assets located in their headquarters/office. Their company has been a community leader for the past twenty five (25) years in the New York City Metropolitan Area, and has been heralded in nationwide print and television media, as a multi-cultural innovative force in the lives of thousands of families from all five boroughs, as well as bordering New Jersey and Connecticut. They are a small company, one that has done everything possible to take reasonable and necessary precautions to protect our valuable assets, including the integrity of our checking accounts. PMTS Intl Pasarela has had the fortune of being able to serve the New York City Metropolitan Area and surrounding New Jersey and Connecticut community for over a quarter of a century. Their goals have been set to continue to bring their services to its amazing; however, they are pleading for your support. The realization remains that Chase Bank acted in a manner most inappropriate. They would like for Chase to act in a responsible manner and honor their claim, and replace the monies that were stolen in part by their lack of security with respect to how simple it is for someone to cash a stolen check at Chase.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 05/27/2010 01:12 PM and is a permanent record located here: http://www.ripoffreport.com/r/Chase-JPMorgan-Chase-Bank/New-York-New-York-10001/Chase-JPMorgan-Chase-Bank-Chase-Bank-Helps-Theives-Get-Away-With-Your-Money-New-York-607980. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 General Comment

Chase Bail-Out Money

AUTHOR: anon123 - (United States of America)

I would just like to point out that yes, Chase did take the bail-out money from the government, but only because it was required to be taken by the government, and then Chase paid it back the day it was due to the government.

Chase was the only major bank to both, A) pay back the bail-out on time and B) not use the money given to them.

Additionally, if someone steals a check, it's very easy to write it out to themselves.

Chase definitely could have done more on their part, and the fact that you notified both Chase and the police was the best thing you could have done. But the bail-out money is, frankly, completely irrelevant.
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and see that JP Morgan is named in 'Chart 1', correct?

Make sure to 'Google' this- ORIGINAL DISSENT WHO CONTROLS THE U.S. ECONOMY?, and go to that site and look at all of the people who are pictured. I believe that there are some CEO's from the BIG banks who are there, right?


*********************************LIE ALERT*******************************

*Make sure to 'Google' this- THERE IS NO GAS SHORTAGE, and go to the Businessweek article and read the comment which was posted almost 2 years ago. 
The comment was posted on May 31st 2008 at 9:13 PM. 


He was right!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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