- Report: #910707
Report - Rebuttal - Arbitrate
Complaint Review: Suntrust Bank
Suntrust Bank121 Perimeter Center W Atlanta, Georgia United States of America
Suntrust Bank Suntrust allegedly engaged in overdraft fees gorging the poor Atlanta, Georgia
*Author of original report: Ken needs more education
*REBUTTAL Individual responds: I agree with you Dr.
*Consumer Comment: Is it your contention that the banks prey only on poor people or...
*Author of original report: Disgrace to all poor Americans
*Consumer Comment: I doubt you'll ever get out of your ABD status on your degree with your SORRY..
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Civil Case No: 2011-CV-209671
Dr. A. John Igein of Tucker, PhD, ABD, sues SunTrust for breach of contract, misrepresentation, fraud and conducting business in bad faith. Dr. Igein alleged that SunTrust manipulated its computer to debit accounts in ascending order in order to increase overdraft fees. To lay men, when you issue simultaneous checks two days in a role, SunTrust deposits the highest of the checks even though the check is issued later than the smallest amounts. The customer believes the smaller check will clear the account but only to find out that SunTrust credited the highest check, resulting in NSF return debits. The smaller amount is now deposited in a negative account, allowing SunTrust to charge the customers account to the maximum amount of verdraft fees, in this case, $36 charged six times, instead of one single fee for the larger amount.
SunTrust is also accused of charging balance check fees, and account fees that were never foretold or revealed to the plaintiff and patrons.
Fraud: Dr. Igein alleged that SunTrust charged several overdraft fees into a closed account that he paid $10 to close, and further alleged that when he reported fraud, SunTrust allowed the fraud to continue, allowing the former account to deep into negative balance, prompting SunTrust to charge several fees. SunTrust then results to constant phone calls and harassment.
In a landmark class action judgment, Bank of America paid $410 Million to its patrons with similar complaint.
SunTrust engaged in contract of adhesion where you are box into a One-sided contract, and basically SunTrust has the only power to determine the outcome of a complaint. If seeking court filings SunTrust contract of Adhesion specifies arbitration in New York. Arbitration court is very expensive to claimants. Arbitration is a way to sweep a lawsuit under the carpet.
Dr. Igein, This is likeI know am committing a crime, but I reserve the right to how I should be punished. You and I do not have this type of choice if we do wrong. "The defendant actions resulted in serious harm to plaintiff three businesses." Suntrust is laughing at its bottom line is enriched in the billions from poor people who were being victimized.
The plaintiff however won in Superior Court to have the Arbitration take place in ATL.
The plaintiff complaint is set for hearing by August 14th 2012 at the Bay Arbitration and Mediation Center before Honorable Bruce Barrickman.
To support Dr. Igein and be a witness email (((email redacted))) with your name, address, and complaint.
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 07/12/2012 07:46 AM and is a permanent record located here: http://www.ripoffreport.com/r/Suntrust-Bank/Atlanta-Georgia-30346/Suntrust-Bank-Suntrust-allegedly-engaged-in-overdraft-fees-gorging-the-poor-Atlanta-Geor-910707. 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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