Thursday, May 6, 2010

Grandma in Germany sold land 17 years ago and invested through bank - money worth 1/2 now! Corruption?

How likely do you think it is that money invested by a widow 17 years ago (approximate value in today's standards would be 200,000 Euro) was worth only 110,000 Euro upon her death? Do you think a HUGE German bank (renowned) could be corrupt since her only living relatives were in America? Also, she has three account numbers written down as being in effect and had no statements - they have 'no record' of AND when she became incapacitated, my mother was with her in Germany, shortly thereafter she received a note from the German bank indicating that 'per her request' they have TRANSFERRED 80,000 Euro and we have no idea where it was transferred to. She was far too sick, for even months before that, to have made any requests. My mom had been there with her for about two months but this request occurred when my mom went to the bank to get money to pay her bills and they found out about her incapacity. Then - bing, a letter about a transfer was in the mail! What do you think?


Unless she has a statement given to her by the bank on the date of the transfer, that money should not have been moved. Considering the age of your grandmother and the circumstances, it sounds like a case of either identity theft or bank fraud. From what I've heard about European banks, it is more likely a case of identity theft. The bank should give you all the info regarding this matter, as long as the owner is still alive. If not then it would certainly become a court matter.

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