JPMorgan Accused of Selling $10 Million of Jewelry from Safe Deposit Boxes.

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Source: Yahoo Finance
TL;DR

A couple from the Philippines is suing JPMorgan Chase for allegedly selling $8 to $10 million worth of their valuables that were placed in the lender's safe deposit boxes in New York. The bank drilled open four out of seven of their safe deposit boxes after they failed to pay their rent, according to the complaint. The couple alleges that they fell behind on their payments for the safe boxes because the bank sent the bills to the wrong address. The couple is seeking compensation for their valuables, which include jewelry, Rolex watches, and gold coins.

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