<\/p>\n
A billion-dollar bank is now being sued after more than $200,000 vanished from a dead man\u2019s account, according to a new report.<\/p>\n
The estate of the late John Lindy Steward is suing FirstBank for allegedly refusing to reimburse a series of unauthorized transfers from his account \u2013 despite the bank being promptly notified of Steward\u2019s death.<\/p>\n
The Virgin Islands Consortium reports<\/a> that Reverend Arlington Chaseau, the estate\u2019s executor, alerted FirstBank of Steward\u2019s death in May of 2021 and left the account untouched for over two years.<\/p>\n But in December of 2023, Chaseau received alerts of declined transactions due to insufficient funds.<\/p>\n He later discovered the balance had dropped below $100, and says the bank had not frozen the account after receiving the death certificate.<\/p>\n The lawsuit claims withdrawals began in September of 2022, including payments to a Discover credit card and ACH transfers to an external account.<\/p>\n FirstBank reportedly admitted the activity might be fraudulent but only launched an investigation after Chaseau filed a police report in June of 2024.<\/p>\n Last November, the bank pointed to a former teller suspected of siphoning $450,000 from Steward\u2019s accounts since 2017.<\/p>\n The ex-employee was arrested in January 2025, now faces embezzlement charges and is currently awaiting trial. The lawsuit demands compensatory and punitive damages from FirstBank for its failure to act.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n