Couple Sues JPMorgan for Selling $10M Worth of Jewelry from Safe Deposit Box
A couple is suing JP Morgan for allegedly selling $10 million worth of jewelry they had stored in a safety deposit box at the bank. The couple claims that JP Morgan sent their bills to the wrong address, causing them to fall behind on payments. After the accounts went unpaid for nearly a year, the bank drilled into the boxes and removed the contents, which consisted of rare coins, jewelry, and precious metals. The couple alleges that JP Morgan later sold their valuables at auction for a fraction of their value, despite paying for backed safety deposit box fees. The case is continuing on claims of negligence.