All articles tagged with #safe deposit boxes
In North Rhine-Westphalia, Germany, three bank robberies have occurred in recent days, involving break-ins at Sparkasse branches in Bonn, Gelsenkirchen, and Halle, with thieves stealing safe-deposit box contents, including gold and an estimated €30 million in Gelsenkirchen, prompting police investigations and appeals for witnesses.
Thieves in Gelsenkirchen, Germany, used a drill and a parking garage to break into a Sparkasse bank, stealing approximately €30 million worth of cash and valuables from over 3,000 safe deposit boxes, in a highly professional heist that remains unsolved.
The 9th Circuit Court of Appeals is set to decide whether the FBI's seizure of safe deposit boxes, containing $86 million in cash and valuable items, violated customers' Fourth Amendment rights. The FBI raided U.S. Private Vaults, a Beverly Hills business accused of money laundering, and initiated civil asset forfeiture proceedings against the boxes without charging the owners with any crimes. The Institute for Justice argued that the FBI exceeded the bounds of the warrant and violated individuals' rights. The appeal comes after a lower court ruled in favor of the FBI. The panel is expected to issue a decision in a few months.
A couple from the Philippines is suing JPMorgan Chase for allegedly selling $8 to $10 million worth of their valuables that were placed in the lender's safe deposit boxes in New York. The bank drilled open four out of seven of their safe deposit boxes after they failed to pay their rent, according to the complaint. The couple alleges that they fell behind on their payments for the safe boxes because the bank sent the bills to the wrong address. The couple is seeking compensation for their valuables, which include jewelry, Rolex watches, and gold coins.
JPMorgan Chase is being sued by a couple for allegedly selling off about $10 million worth of jewelry, precious metals, and coins they were storing in safe deposit boxes. The couple claims that they were unaware of the bank's notices and that their valuables were sold at auction for more than $552,700, which is way less than what they estimate the total worth to be. The case is continuing with negligence and other counts.
A couple from the Philippines is suing JPMorgan Chase for allegedly selling $8 to $10 million worth of their valuables that were placed in the lender's safe deposit boxes in New York. The bank drilled open four of their safe deposit boxes after they failed to pay their rent, according to the complaint. The couple alleges that the bank sent the bills to the wrong address. JPMorgan sold the items for $552,700 in the early summer of 2020, per the complaint. The couple is seeking compensation for their valuables and the case is proceeding with negligence and other counts.