Bank Of America
Loses lawsuit, gives back money it stole, now wants to write it off? Unethical Accounting Practices or Fraud?
- 03-13-2010
- 41
Over a one year period Bank of America charged me $2700 in bank fees. I had enough and filed a lawsuit against them last year. I won the lawsuit and they had to refund the fees they charged me. I felt elated that I fought back and won. Imagine my suprise the other day when I received in the mail a 1099 Misc telling me I have to report $2700 as income! Income? How can this be income? I was already taxed on that money when I earned it. Bank of America isn't out anything. They only refunded my money that they stole. So how is it that this company that received bailouts from taxpayers dollars are able to write off a loss on money they didn't really lose? If their accounting practices are this out of whack what else are they able to get away with?
Company: Bank Of America
Country: USA
State: Rhode Island
City: Providence
Address: 125 Dupont Drive
Phone: 18885506433
Site: bankofamerica.com