My question involves personal finance in the State of: Pennsylvania
Here is the situation: At age 16, a minor gets her first job and opens a checking account. However, due to her age the bank requires an adult to also be listed on the account and has her open a joint account with her mother (not a custodial account, but a joint account). Checks were issued on this joint account, but because this account is really for the minor child only the minors name and address appear on the front of the checks. Fast forward 2 years....Mom and dad end up going through a nasty divorce and the minor graduates high school and is in college. She no longer uses this joint account as it isn't convenient. Instead she opens an account with a different bank that is on her college campus. Her mother tells her that she closed the joint acct since it was no longer being used. Later it is discovered that mother has an addiction to prescription pain pills that ends up becoming a heroin addiction. It turns out that the Mother never closed the joint bank account. And in her desperation to feed her drug addiction she began writing bad checks on the account. She stole the daughter's checkbook and is writing checks as if she were the daughter (remember this account has no money in it and the mother told the daughter that she closed the account). She is making the checks payable to herself and forging her daughter's name on the signature line on the front of the check. She is cashing these checks at check cashing express places. The daughter has filed a police report against the mother for the bad checks her mother forged. The mother also stole another person's check and forged their name. She made the check payable to herself in the amount of $10,000. She deposited this check into the joint account and the check cleared. She then started to withdraw funds from this deposit. Well the individual found out and pursued fraud charges and the check was returned. However, the amount she withdrew plus fees resulted in the account becoming negative over $3000. The bank is trying to hold BOTH the mother and daughter liable for all action on this account since it is a joint checking account. My question is, can the bank hold the daughter accountable for the fraud that her mother committed on this account?
Here is the situation: At age 16, a minor gets her first job and opens a checking account. However, due to her age the bank requires an adult to also be listed on the account and has her open a joint account with her mother (not a custodial account, but a joint account). Checks were issued on this joint account, but because this account is really for the minor child only the minors name and address appear on the front of the checks. Fast forward 2 years....Mom and dad end up going through a nasty divorce and the minor graduates high school and is in college. She no longer uses this joint account as it isn't convenient. Instead she opens an account with a different bank that is on her college campus. Her mother tells her that she closed the joint acct since it was no longer being used. Later it is discovered that mother has an addiction to prescription pain pills that ends up becoming a heroin addiction. It turns out that the Mother never closed the joint bank account. And in her desperation to feed her drug addiction she began writing bad checks on the account. She stole the daughter's checkbook and is writing checks as if she were the daughter (remember this account has no money in it and the mother told the daughter that she closed the account). She is making the checks payable to herself and forging her daughter's name on the signature line on the front of the check. She is cashing these checks at check cashing express places. The daughter has filed a police report against the mother for the bad checks her mother forged. The mother also stole another person's check and forged their name. She made the check payable to herself in the amount of $10,000. She deposited this check into the joint account and the check cleared. She then started to withdraw funds from this deposit. Well the individual found out and pursued fraud charges and the check was returned. However, the amount she withdrew plus fees resulted in the account becoming negative over $3000. The bank is trying to hold BOTH the mother and daughter liable for all action on this account since it is a joint checking account. My question is, can the bank hold the daughter accountable for the fraud that her mother committed on this account?
Banking: Fraud and Idenity Theft by Joint Acct Holder
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