armac wrote:
Where did the two 100,000 transactions go, did you wire the money?
I don't know who the "end users" were in either of those transactions - they were account numbers supplied to me by Jim that he in turn was supplied by Bob.
armac wrote:
You received $500,000, you sent out $200,000 plus $70,000 for miscellaneous, plus Jim's commission which had to be farily sizable, plus you got 10 grand left.
How much did the plane cost? You have already outlayed over half the money, and have not payed for the plane yet.
The plane was purchased in a separate transaction - which has cleared without incident. Bob wired the money to me, I sent it to the appropriate people - plane arrived - all was well. We've double checked this transaction to make sure no "pending" incidents could happen here. Everyone all around says all is clear. (Probably because it was a wire transfer as opposed to a check). The $500,000 Bob sent was for all the other expenses involved with the aircraft (fuel, ground crew, flight crew, maintenance crew, security personnel, permits, etc. - they're all pretty expensive and add up fast). Bob said he had "arranged" for all of these things and would let me (and Jim) know where the money needed to go. He asked us to handle the transactions because we knew the specifics about the aircraft and if it needed one more or one less ground crew person than he had planned for, we could adjust what was being paid. Yes - Jim's commission was sizable - around $150,000 (pretty standard for a deal on a multi-million-dollar 757). As for the other two payments they were like $130,000 and $140,000 (give or take a couple thousand)
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Of course it sounds bad - I'm a middle man that doesn't know half of what I should. There's like 4 people all involved in this, and each party only knows part of the big picture. I can truly understand why Bank of America is concerned - it's $500,000. But they seem to have absolutely NO interest in getting to the bottom of it. They seem perfectly content to sit back on their "depositors agreement" and say " sorry, your fault... I know we're probably the best ones to identify these things before they become problems, but we'd really rather not because that would mean doing work."
At this point, I'm so MAD at Bank of America for not acting as my advocate in any of this. They're MY bank. I've been their customer for 20 years. Why aren't they doing anything to find out about who actually altered the check? Why aren't they trying to contact the company who sent the check in the first place? Why are they continuing to be lazy bastards instead of doing the right thing?
I have yet to find anyone (at Bank of America or otherwise) that can give me a reasonable explanation to any of those questions. The only thing I get is a run-around that it's "not their responsibility" which to me only says "we're too lazy to do the right thing, we'd rather victimize whoever's most convenient, and for us - that's you - our account holder. Sure, we could use our huge influence and resources to lean on the people actually responsible, but we don't really want to do that - it requires more work."