JPMorgan Chase Abruptly Freezes Customer’s Bank Account, Refuses To Release $65,000 for Nine Months: Report
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A Chase Bank customer, Sean May, faced a nine-month freeze on his $65,000 IRS check due to suspected fraud. Despite providing IRS verification, Chase refused to release the funds, contributing to May's business bankruptcy. After media inquiries, the bank decided to release the money, informing May to expect the check soon. Chase Bank, part of JPMorgan Chase since 2000, manages $3.7 trillion in assets.
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