Consumer complaint received 2024-06-11
Product: Checking or savings account — Checking account
Issue: Managing an account — Deposits and withdrawals
Company: BANK OF AMERICA, NATIONAL ASSOCIATION (NY)

A nefarious scheme, masterminded by XXXX XXXX, came to light in New York real estate, leaving behind a trail of deceit and financial ruin. His fraudulent tactics targeted vulnerable individuals, utilizing the reputable Bank of America as an unwitting accomplice. 

The initial warning signs of XXXX 's fraudulent activities surfaced on XX/XX/XXXX, when his legal representative, XXXX XXXX, formally asserted possession of {>= $1,000,000} in his escrow account for supposed " real estate transactions. '' This, however, proved to be a fabrication, as the funds were employed to evade taxes and conceal assets amidst ongoing legal proceedings. The deception continued on XX/XX/XXXX, when XXXX reaffirmed a substantial {$930000.00} in the same escrow account. 

The audacious charade began to unravel in early XXXX when a XXXX contractor alerted XXXX to the dubious activities of another contractor, XXXX XXXX. Upon further investigation, XXXX unveiled XXXX 's criminal record and involvement in illicit dealings under " XXXX XXXX, XXXX, '' a brokerage owned by XXXX XXXX. On XX/XX/XXXX, XXXX instructed XXXX to transmit a fabricated Proof of Funds ( POF ) to secure a property in his name. He presented a spurious bank statement containing fraudulent account balances to mislead sellers into believing the company possessed sufficient funds for the transaction. 

The deceptive practices extended beyond this point. On XX/XX/XXXX, XXXX furnished a " Best Sale Buyers '' XXXX with a counterfeit screenshot displaying over {$900000.00} in a XXXX accountfunds that were non-existent. Subsequently, on XX/XX/XXXX, XXXX directed XXXX to fabricate documents from Bank of America, asserting that " XXXX XXXX XXXX XXXXXXXX '' maintained an account holding in excess of {$800000.00}. These digitally manipulated documents created a false impression of financial stability, deceiving property owners. 

By XX/XX/XXXX, XXXX XXXX closed all " XXXX XXXX XXXX XXXX '' accounts due to suspicious activities associated with XXXX. Interestingly, XXXX 's personal and other business accounts remained unaffected, underscoring the isolated nature of XXXX 's fraudulent activities. 

The pivotal moment arrived on XX/XX/XXXX, as XXXX filed a police report at XXXX XXXX, document number XXXX, and lodged a formal complaint with the XXXX XXXXXXXX XXXX XXXXXXXX XXXX XXXX promptly assigned him a paralegal, marking the inception of a comprehensive investigation. Subsequently, on XX/XX/XXXX, Bank of America 's legal department became involved. A mere two weeks later, on XX/XX/XXXX, Bank of America confirmed that no account had ever been established under " XXXX XXXX XXXX XXXXXXXX '' or its associated XXXX. 

Despite numerous alerts regarding the ongoing fraud, Bank of America 's response was belated. XXXX continued his operations, exploiting the business bank accounts at Bank of America to defraud not only the bank but also its customers and the populace at large. The saga of XXXX XXXX serves as a sobering reminder of the depths of deceit prevalent in the real estate domain, preying upon the most susceptible segments of society. However, justice eventually caught up with XXXX and his cohorts, who faced severe and fitting legal repercussions for their actions. 

Key People XXXX XXXX ( aliases : XXXX XXXX, XXXX XXXX, XXXX XXXX, XXXX XXXX ) Home Address : XXXX XXXX XXXX XXXX XXXX XXXX XXXX NY XXXX SSN : XXXX Phone number : ( XXXX ) XXXX XXXX XXXX XXXX Address XXXX XXXX XXXX XXXX, XXXX XXXX, XXXX, NY XXXX XXXX : XXXX Phone number : ( XXXX ) XXXX XXXX XXXX XXXX XXXX Address : XXXX XXXX XXXX XXXX XXXX, NY, XXXX XXXX XXXX ) XXXX : XXXX Phone number : XXXX XXXX ) XXXX