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Banking

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Bank Mysteriously Freezes Morris County College Student's Life Savings In Routine Bank Transfer Bank Mysteriously Freezes Morris County College Student's Life Savings In Routine Bank Transfer
Bank Mysteriously Freezes Morris County College Student's Life Savings In Routine Bank Transfer A 24-year-old Morris County man lost his job then his life savings during the pandemic. If not for ABC7's 7 On Your Side, Andrew Alexander of Morristown may not have ever seen the funds again, the media outlet reports. Alexander, 24, signed himself up for college courses after his employer closed due to COVID-19. In the meantime, he worked as a personal trainer. Hoping to get $700 as part of a Citibank promotion, Alexander opened a new account just before Christmas and transferred over $50,000 from his Chime account -- leaving the remaining $30,000 of his life savings with Chime. Th…

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by Cecilia Levine
Police & Fire
Glen Rock Businesswoman Gives Brokerage Firm Bank Info, Loses $5,400, Police Say Glen Rock Businesswoman Gives Brokerage Firm Bank Info, Loses $5,400, Police Say
Glen Rock Businesswoman Gives Brokerage Firm Bank Info, Loses $5,400, Police Say A Glen Rock entrepreneur lost $5,400 after she gave her bank account information to a brokerage firm, authorities said. The victim told police she applied for a business loan with two different brokerage firms, providing one of them with the username and password to her bank account, Police Chief Dean Ackermann said. Both lenders apparently deposited funds in her account that exceeded the loan amount, he said. “When she attempted to return the excess funds, she was notified by her bank that a fraudulent transaction had occurred,” the chief said. Borough detectives were investigating.

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by Jerry DeMarco