Just found this forum and wanted to see everyone's thoughts.......Long story short.
My wife had a business and checking account in California. On Monday, we found out the accounts were frozen because of "check kiting", which is not true (but that is another story). Anyways the bank will not going to listen to our side of the story and are still investigating for illegal activities. Here is when it gets interesting. Five years ago, I have a vey good friend that went back to his homecountry. Prior to leaving, he gave me his SS# and personal info and told me to use it if I need any additional money (I just filed BK then). Two years ago I got laid off and lost my six figure income. Things have been difficult. I recently open 6 credit catds in th past two years under my friends name. Fast forward......Two months ago, I deposit a convience check from my friend's CC into my wife business checking account. Today I called to see the available credit on the card and was told to bring ID and Passport and SS# to the bank. Here are a few questions I have.
1) It is obvious the bank has contacted the credit card company and put a red flag on the credit card account. I am not going to go and give them any ID....what will happen? The Credit Card account has never been late or abused. Is the CC company going to the police for investigation?
2) The checking accounts are in my wife's name. She is a model citizen, who did not sign any of the checks or deposit the convience check in the bank. Are the police going to go after her.
3) If I pay the checking account (if there is a negative balance which), will the investigation end? I still have not heard from anyone. Other than the checking accounts are closed.
4) How long will I have to wait should the police comes knocking.
5) What charges are we looking at? (6 Credit Cards, and two car loans) He will come and testify that he gave permission to me.
I have done something I am not proud of. I will stop immediately and put the cars for sale. There was no intention to not pay for the credit cards. They are current and always paid on time.
Thanks so much!!!!!!!!!
My wife had a business and checking account in California. On Monday, we found out the accounts were frozen because of "check kiting", which is not true (but that is another story). Anyways the bank will not going to listen to our side of the story and are still investigating for illegal activities. Here is when it gets interesting. Five years ago, I have a vey good friend that went back to his homecountry. Prior to leaving, he gave me his SS# and personal info and told me to use it if I need any additional money (I just filed BK then). Two years ago I got laid off and lost my six figure income. Things have been difficult. I recently open 6 credit catds in th past two years under my friends name. Fast forward......Two months ago, I deposit a convience check from my friend's CC into my wife business checking account. Today I called to see the available credit on the card and was told to bring ID and Passport and SS# to the bank. Here are a few questions I have.
1) It is obvious the bank has contacted the credit card company and put a red flag on the credit card account. I am not going to go and give them any ID....what will happen? The Credit Card account has never been late or abused. Is the CC company going to the police for investigation?
2) The checking accounts are in my wife's name. She is a model citizen, who did not sign any of the checks or deposit the convience check in the bank. Are the police going to go after her.
3) If I pay the checking account (if there is a negative balance which), will the investigation end? I still have not heard from anyone. Other than the checking accounts are closed.
4) How long will I have to wait should the police comes knocking.
5) What charges are we looking at? (6 Credit Cards, and two car loans) He will come and testify that he gave permission to me.
I have done something I am not proud of. I will stop immediately and put the cars for sale. There was no intention to not pay for the credit cards. They are current and always paid on time.
Thanks so much!!!!!!!!!