Chase Bank: (Awareness) May What Happened to Me, Never Happen to You
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Bank Drunk on AuthorityChase Bank abused a govt mandate to intimidate customers; myself included This is when I realized what happened to me wasn't an isolated event My anxiety spiked after I read Hayden's tweet. He later replied to my DM. We compared notes and it became obvious. Chase Bank's well-managed threats and harassment we endured is part of some plan. No doubt some of you know Hayden's idea for Aave was born here on Reddit. Crypto was Chase Bank's excuse to target us. JUNE 5, 2021 Chase Bank, without notice or cause, froze my accounts. They threatened to seize my funds, collect a handling fee, and forward the remaining balance to the state of California. It started with a sign-in message – account inaccessible to protect it from unusual activity. EMAIL NOTICE They first lock you out. Then notify you two min after midnight I was locked out and could not read the letter mentioned above. Why was this happening? Immediately contacted Chase. Used the lengthy hold time to log in to my JPMC equities account. I may need the cash sitting in that account. Frozen! WTF! They appropriated my:
accounts for no reason I could think of. I desperately needed to speak to someone helpful. Sadly, I was not afforded that opportunity. The individual who joined me on line first verified my identity, then instructed me to find a new message he had just sent via email. Once I confirmed I was looking at it, he recited this message. Felt like I was being read Miranda Rights He refused to engage me on a human level or respond to questions. I could not speak to anyone above him. He reiterated that my accounts were flagged and so were the phone numbers I call from. Only he was authorized to speak with me. He urged me to collect:
and report to an Account Rep at my Chase Branch location on Monday morning. WTF! I demanded that he at least tell me why this was happening. Said if I was uncooperative or disrespectful, he could exercise the bank's option and initiate a complete garnishment now, and hand my funds over to the state. In the spirit of honesty, I confess to you that I was intimidated. I felt completely powerless. And I'm ashamed of it. But I didn't know what was happening. EVEN COINBASE HAS BETTER SERVICE Then my Coinbase account presented a notification I'd never seen. I was shocked when they called. The CB Rep informed me they have special procedures in place for Chase's periodic disruption efforts. This includes a 2FA upgrade. Evidently, Chase notifies them in writing whenever a customer's transfers are being looked at. MONDAY MORNING I was now dealing with the good Cop. Then the questions:
She read my facial reaction and clarified, were you under duress at the time of the withdrawal? I'm under duress now! But that was only what I was thinking. I'm a coward. And they were holding money & stock. I played it like a hostage release. The account restrictions were lifted after she was satisfied I had been put in my place. ATTORNEY MEETING The consult was fast. In summary, attorney advised there was little I could do. The Federal Government had enlisted banks to assist them in managing the Paycheck Protection Program and other 2021 federal aide programs. Banks were granted disintermediating authority. He referred to it as "banks doing non-bank things." He was aware Chase and a few other banks were drunk on authority. He inquired if the rep had pressured me to speak to one of her brokerage associates? Yes Large deposit followed by a large withdrawal drew their attention. They don't like that. I would later learn that Chase Bank routinely does this to customers throughout the nation. I had a mini-PTSD moment a few weeks ago. I mentioned in a prior post that I do research on the Limited Liability Network project. A number of transcribed notes from banking participants repeatedly urged CBDC runners for disintermediation to make the CBDC launch viable. I'll soon post those details. But I wished to share this story to raise awareness of what we face. Best of luck and enjoy your weekend. 🙏🏻 And here's an artistic rendition of Gary for you. submitted by /u/ajnsd619 |
