Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

About That $80 Million Debit …

TAMPA (CN) - Bank of America withdrew an unauthorized $80 million from Caribexpress' account, causing the company's money orders to bounce and its business to collapse, according to a lawsuit in Hillsborough County Court. Caribe Envio dba Caribexpress says it opened a bank account with Bank of America "for the purposes of selling money orders to Cuban exiles for remittances to Cuba."

From August to November 2008, the bank allegedly submitted daily debit charges to the plaintiff's account, including the massive $80 million unauthorized debit.

Caribe demands more than $1 million for the alleged damage to its reputation and exposure to lawsuits from former clients.

It is represented by Franklin Jara with The Saenz Law Firm.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...