A new lawsuit accuses Bank of America of abruptly seizing and refusing to return millions of dollars in assets that belong to a customer.
The complaint alleges BofA cracked open a safe deposit box belonging to Canadian coin collector Levend Coskun, taking a large collection of gold and silver coins without proper notice.
According to the complaint, the incident happened when BofA closed a branch in Garden City, New York, where Coskun’s safe deposit box was located.
Coskun’s lawyers say BofA failed to let him know what was happening to his money – a collection worth about $3.6 million.
“BoA claims it mailed the notices on March 5, 2021, March 26, 2021 and April 16, 2021, however, Plaintiff never received any such notice, and Plaintiff has never received copies of such notices despite repeated requests to BoA.
At all times, BoA was in possession of Plaintiff’s correct home address and on several prior occasions, it mailed bank statements and other correspondence to Plaintiff at his home address… BoA made no attempt to contact Plaintiff via email, telephone and/or other alternative methods of communication to inform him that BoA Garden City was closing, and/or that Plaintiff needed to remove the contents of his Safe Deposit Box.”
After not hearing back from Coskun, BofA allegedly drilled open the box, seized the coins, and sent them to an out-of-state vault.
After waiting nearly three years to be able to come to the US, Coskun arranged to meet a BofA employee to retrieve the contents of his safe deposit box.
However, when he met with BofA employee, identified as Nicole Davis in the complaint, Coskun was allegedly presented with a UPS package that had already been opened, and although the label on the package indicated that it weighed eight pounds, it only weighed one pound and 11 ounces by the time Coskun received it – because nearly all of the coins were gone.
Coskun alleges that BofA has essentially stonewalled him as far as investigating the disappearance of the valuables.
According to the complaint, BofA opened an investigation into the matter, but then quickly closed it and didn’t update Coskun on the results or findings.
BofA is accused of willful acts of misconduct and gross negligence, breach of contract and additional charges, and Coskun is seeking relief for the loss of the coins, loss of income, emotional damages, cost of attorneys and legal fees, and other damages.
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