A billion-dollar financial institution is now being sued after greater than $200,000 vanished from a lifeless man’s account, based on a brand new report.
The property of the late John Lindy Steward is suing FirstBank for allegedly refusing to reimburse a sequence of unauthorized transfers from his account – regardless of the financial institution being promptly notified of Steward’s demise.
The Virgin Islands Consortium reviews that Reverend Arlington Chaseau, the property’s executor, alerted FirstBank of Steward’s demise in Might of 2021 and left the account untouched for over two years.
However in December of 2023, Chaseau obtained alerts of declined transactions attributable to inadequate funds.
He later found the steadiness had dropped under $100, and says the financial institution had not frozen the account after receiving the demise certificates.
The lawsuit claims withdrawals started in September of 2022, together with funds to a Uncover bank card and ACH transfers to an exterior account.
FirstBank reportedly admitted the exercise is perhaps fraudulent however solely launched an investigation after Chaseau filed a police report in June of 2024.
Final November, the financial institution pointed to a former teller suspected of siphoning $450,000 from Steward’s accounts since 2017.
The ex-employee was arrested in January 2025, now faces embezzlement expenses and is at present awaiting trial. The lawsuit calls for compensatory and punitive damages from FirstBank for its failure to behave.
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