JPMorgan Sold $10 Million in Jewels Left in Bank Safe Deposit Box, Suit Claims
- Jorge and Stella Araneta say items worth $10 million auctioned
- JPMorgan says bills were unpaid and Aranetas were warned
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JPMorgan Chase & Co. is facing a suit by a couple who claim the bank sold $10 million in jewelry and other valuables that they stored in safe deposit boxes.
Jorge and Stella Araneta said that JPMorgan sent the bills for the boxes to a wrong address, causing them to fall behind in their account. They claim they paid the delinquency in full after discovering it, and JPMorgan promised to return the property stored in the boxes. But the bank instead auctioned off the contents.