Possible Etrade Fraud

as of today, I haven't received any assurance from Etrade about my lost money. Now, I don't even get to talk to the Etrade person who has been assigned to me, I always get his voicemail and all my messages seem to go to a blackhole.

I have filed a police report long time ago, but haven't heard anything.

I think its about time we get our collective cases/stories out there in the public.
 
It seems more than coincidental that the numerous cases of fraud described here, occurred shortly after the phishing attempt. My guess is that the fellows who were robbed, did in in fact respond to a fraudulent e-mail.
 
Quote from ElectricSavant:

Begin with a certified letter to the correct address. Give them 7 days to respond to your demand for payment, and inform them of the legal processing as your only remedy if you can't resolve the matter...

Find out who accepts service for them and sue them in Small Claims Court. Should be around 35-50 bucks filing fee according to your State. Look up the registered agent here if you are in California:

http://kepler.ss.ca.gov/list.html

Just google Department of Corporations for your respective State to get online corporate info.

Write down everything you can remember immediately...dates and times. Keep your case simple...

Present your case to the Judge with one short paragraph....then shut up and answer questions. Be direct and explain the damage to you. Just get your 4k judgment, do not try for more...Wear a tie and give the court its due respect. Look directly to the Judge when you speak, and never address the defendant directly...

If you win you get a generous post judgement interest of 10% (or the statutory rate according to your state) on the time that passes after the Judgment entry.

Michael B.

P.S. I have a few Judgments with large corporations collecting interest and I can get the money anytime I wish as they are very solvent. But I am experienced in these matters and know what I can do and what I cannot. You would be surprised at how many times they will settle out of court....You see 5k is usually the threshold for small claims and for them to attempt to get this heard in Superior Court is not cost effective for their legal staff.
More...

further ask them to pay 50-100K in "punitive damages" for failure to notify your promptly via email of this withdrawal... and for failure to protect you assets on deposit in their bank, etc. etc. Haven't given it much thought but there must be some leverage you could wield by showing that this conduct and their response thereto warrants punitive/exemplary damages. I would need to know more about the agreement you signed, and the way funds are withdrawn from your account. i.e. do you have check writing privileges whereby they may have paid out on a forged drawer endorsement.

Another example of leverage that might bring their attorneys to the bargaining table, and yet you are making it (the threat) in good faith, would be: threaten a class action suit for their policy that will allow third parties to hack into your funds.

what State are you in 'tradingbug'?

Ice
:cool:

p.s. ElectricSavant... does the UCC govern any portion of this issue?
 
Quote from iceman1:

further ask them to pay 50-100K in "punitive damages" for failure to notify your promptly via email of this withdrawal... and for failure to protect you assets on deposit in their bank, etc. etc. Haven't given it much thought but there must be some leverage you could wield by showing that this conduct and their response thereto warrants punitive/exemplary damages. I would need to know more about the agreement you signed, and the way funds are withdrawn from your account. i.e. do you have check writing privileges whereby they may have paid out on a forged drawer endorsement.

Another example of leverage that might bring their attorneys to the bargaining table, and yet you are making it (the threat) in good faith, would be: threaten a class action suit for their policy that will allow third parties to hack into your funds.

what State are you in 'tradingbug'?

Ice
:cool:

p.s. ElectricSavant... does the UCC govern any portion of this issue?
More...

one final suggestion...

hire Elle Woods to assist you ! :D :D
 
Has anyone try to call Etrade Customer service? You could be on hold for hours. I'm surprised they haven't send their customer service to India yet. Their customer service reps are very rude. They have no idea what they are talking about and always assume their customer is an idiot. Their commissions are high, execution is terrible. If you want to take your money out, it could take several weeks if you can get a hold of their customer service. Etrade (ET) chart is triple top on weekly charts, this is a great stock to short soon.
 
bruced,

You echoed my sentiments about the terrible Etrade customer service. Unfortunately I am living it now, as I have to deal with them everyday to sort out my account fraud issue.

Your last comment "If you want to take your money out, it could take several weeks if you can get a hold of their customer service." seems so ironic.

Whereas if someone else wants to take your money out, its so easy ;-)
 
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