Consumer complaint received 2025-04-24 00:00:00
Product: Money transfer, virtual currency, or money service — Money order, traveler's check or cashier's check
Issue: Fraud or scam — 
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: MA

Complaint narrative:
Hello, I, XXXX XXXX, am the owner and managing attorney of the XXXX XXXX XXXX XXXX XXXX, a law firm established in XX/XX/XXXX. Since its inception, my firm has earned a respected reputation for assisting engineers and researchers in obtaining green cards based on their innovative research accomplishments and supporting small and medium-sized corporations with business transactions and investor visa applications. 

At the beginning of XXXX, I got a call and an email inquiry from the potential client, XXXX XXXX. Its alleged CEO, XXXX XXXX, contacted me asking me to draft the purchase and sales agreement because they are selling ultrasound equipment to the XXXX XXXX XXXXXXXX XXXX XXXX  He also asked me that if I can act as an escrow agent. I sent him a retianer and escrow agreements and searched his corporation under the XXXX XXXX XXXX XXXXXXXX. I found a certificate of incorporation in good standing. I found XXXX its business and its own company website. XXXX XXXX XXXX  It cleary showed that CEO is XXXX XXXX who XXXXmailed me and called me. Therefore, I truly believed that this company is doing legitimate business activities. 

On XX/XX/XXXX, I received a cashier 's check in the amount of {$210000.00} from my client via XXXX. Following my client 's instructions, I deposited the check at the Bank of America branch in XXXXXXXX XXXX into my business XXXX  account. The bank teller informed me that because the cashier 's check was issued relatively new with the institution, the deposited funds would be placed on a one-week hold. The teller told me that she is not familiar with the financial institution. She said it may be related to fraud or not. 

On XX/XX/XXXX, I notified that the cashier 's check was bounced and returned. I immediately emailed to the alleged client explaining that the cashier 's check is bounced and I would like to terminate the representation if it is related to a potential fraud. 

On XX/XX/XXXX, I received a notification from Bank of America indicating that both my business checking account and XXXX  account had been permanently closed. I was informed this action was taken due to alleged fraudulent activity associated with the deposited cashier 's check. 

A representative from the Bank of America Security Team contacted me and stated that the decision was final, and I would not be given the opportunity to appeal, explain, or provide evidence. Furthermore, I was advised that I am now ineligible to open any new accounts at Bank of America. 

I requested that Bank of America did not give me a due process to explain my situation. They kept saying that it is their right written on the agreement. However, due to its unexpected foreclosure, I can not finalize the business transactions for my other clients, XXXX XXXX XXXX and XXXX XXXX XXXX. ( My office checks were already sent out to the U.S. Department of Homeland Security as application fees. ) My business has been harmed due to this action. 

I firmly state that I am the victim of a financial scam. I deposited the check in good faith based on instructions from a client and had no knowledge or reason to believe the funds were connected to any fraudulent activity. 

I am filing this police report to formally document the incident and to request a criminal investigation into the source of the fraudulent funds. I also seek official acknowledgment that I acted without malice or intent to defraud and that my law firm was an unwitting intermediary in what appears to be a sophisticated scam operation. 

I am available to provide all supporting documentation, including XXXX  delivery confirmation, copies of the cashiers check, client correspondence, and any communication with Bank of America. However, Bank of America kept repeating that their decision is final and they can not review my case. 

I do believe that they : Breach of contract ( if the banks decision was arbitrary or violated their own procedures ) Defamation or commercial disparagement ( if false fraud allegations harmed my business ) Tortious interference with my professional obligations ( my XXXX is affected ) Please restore access or stop the Bank of America from disseminating harmful claims against me freezing and permanently close my XXXX  and business bank account.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with non-monetary relief