JPM Chase Jails an Innocent Man

Hat tip to Yves Smith on this one. This is just awful. Chase customer Ikenna Njoku went to his local Chase branch to cash a cashier's check issued by Chase themselves, and he wound up in jail, lost his job, and had his car sold out from under him. But it was all a mistake. Chase really screwed the pooch on this one. Check it out:

How bad would you freak out if this happened to you?

 

Ouch! Thanks for sharing. I can understand why the bank would be hesitant to cash his check as he had previously overdrawn his account, but when they decided to turn him over to the authorities, they should have done their homework first. Anyone who's worked in retial knows that if you catch a shoplifter, don't take it into your own hands, and usually it is better to just let them go, because when the cops get involved it creates a scene which is bad for PR.

I think think chase should buy this guy a new car.

 
Best Response

Well i use to work at Chase and i will tell you that what really happened is that woman judge the crap out of him and felt like he couldn't possibly have a check that big. There is no policy in place to act in that fashion and in reality, she should of just check to see is that check was legit. She probably called back office and they were the wrong department and told her we don't see that check number on our system and the banker then decided to get her abm a bonus for catching a fraud check. Don't get me wrong, they are a lot of people who come in with fake checks all the time and take advantage of Chase's one day to clear policy but the way that banker acted is inexcusable and sad to say she will probably only get a verbal warning because policy and procedure actually tell bankers to go with their feelings when it comes to issues like this.

Beast
 

no not really. It had nothing to do with been NIGERIAN. More along the line that he is black and didn't look the part of someone who typically cashes checks of that level. Im sure she didn't ask what nationality he is and then became prejudice. Also no bank has such policies in place in any shape or form so i don't know where you came up with that little gem.......

Beast
 

The lady was blatantly being a racist shit. I'm in upstate NY for school and I experience dumb shit like this all the time, albeit on a lesser scale. Cops can't believe I own my car (think BMW or Merc), even though that's what happens when you get a real job and not become a cop at 20.

in it 2 win it
 

Oddly enough, the teller's name was Jim Crow.

- Bulls make money. Bears make money. Pigs get slaughtered. - The harder you work, the luckier you become. - I believe in the "Golden Rule": the man with the gold rules.
 

Things story screams incomplete. I mean there are holes all over the story that don't make sense. The biggest lolwut? of the tale is the fact only a pro-bono lawyer was willing to pick up this case. If there was a legitimate chance at a nice payout because of this, a high price attorney wouldn't say no because the client didn't have up front cash.

 
  1. Hire Jose Baez.
  2. ???
  3. Profit

The hidden facts of this story: Chase is not a real bank like JP Morgan so mistakes are inevitable. While he was in jail BoA went ahead and foreclosed his house as well. Also, should women be banned from the teller profession?

 

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