Posted on 12/14/2017 12:22:10 PM PST by Oshkalaboomboom
Brown left this Canadian family in the red.
The United Parcel Service lost a Canadian man’s $846,000 inheritance, and bank TD Canada Trust is refusing to refund the missing money 10 months later, according to a CBC report.
UPS has only offered $32 and an apology letter — and TD hasn’t paid out a dime for the supposedly bank-guaranteed lost dough — leading to “many a night of lost sleep, and gnashing of teeth and anger. Frustration, unbelievable frustration” for Lorette Taylor and her brother Louis Paul Herbert, according to Taylor.
After their father died, Herbert said, he went to his local UPS store near Cornwall, Ontario, where he was expecting a package from sister Taylor containing his share of their inheritance in the form of a bank draft, but it never came.
“I’m waiting at the UPS store, around 3 p.m. because that’s when they said the guys came in, nothing shows up,” Herbert told CBC News. “I came back in the evening. Nothing shows up … and I’m wondering, ‘What’s happened to my inheritance?'”
Taylor sent the money through UPS from her lawyer in Georgetown, Ont., about 270 miles away, so Herbert wouldn’t have to drive to pick up the hefty sum.
“I should have just driven,” Herbert said. “It’s something I kick myself in the rear over every day.”
Taylor obtained the bank draft — which is like a certified check, but the money is taken from a customer’s account immediately and held by the bank until the draft is cashed — in February, after TD told her it was the safest way to send the large sum.
(Excerpt) Read more at nypost.com ...
In a different era, that’s what we would have said was “damned white of them”.
This really has nothing to do with UPS. It’s all about the bank TD Canada.
And to be honest, I don’t think the bank is really at fault. I have a hard time believing the family could be this stupid. I don’t believe their story at all.
$846 large? Two words: wire transfer.
Remember, if your money is with a bank - the money is NOT 100% really yours.
You are just an unsecured creditor, and the lowest level one at that.
If we’re taking a check for going on a million bucks, I’m paying the bank to send a bonded courier to deliver it personally.
“I have a hard time believing the family could be this stupid”
—
Over 3 quarters of a million $ and they figure a “UPS Store” is the way to go. Yiii.
That’s a lotta dough, even in Canuck dollars.
BS.
Bank checks are numbered. They can stop payment on the check. and with tracking, they should be able to find the lost envelope anyway. I still call BS. This is so unbelievable in this day and age.
Must’ve originated in Nigeria.
95% of a million would still leave you with $50K. You obviously eat a lot better than I do.
TD banks have been popping up around here like mushrooms. This story makes me want to avoid them at all costs.
You might be amazed at the number of people who “don’t trust” things they don’t understand.
In any event the bank has a copy of the draft. It’s not the end of the world to stop it and reissue it.
How many UPS trucks/trailers have burned-up? Many...
Since I also lost my job there were much better uses for the money than going out for meals.
I inherited $2500 when my father died. I bought a very nice pistol. My real inheritance from him was the education he paid for.
My first thought. Why mess with paper and delivery when secure wire transfers happen for sums a tens and even hundreds times this sum routinely.
Doesn’t Canada deal in “Loonies”?
If someone else cashes the lsot draft, YOU ARREST THEM FOR FRAUD AND THEFT!
If they put you through that much BS to just MOVE your 401(k), just imagine what they might do when you try to withdraw funds.
Even if you like where you are at, it is good to try to move funds every now and then just to get an idea of what they are going to put you through.
This is ridiculous. The bank still has the money. The bank (or the lawyer) needs to figure out how to get the money to him. UPS really only owed the refund of the shipping fee, unless the lawyer took out special insurance on the parcel, which seems unlikely.
It is unfair to imply tat UPS stole his money.
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