I had at least $30,000+ in my account. It was to stay with the bank until I was 18 and able to get it out. When we went to get it my father got a card to the account as well. Big mistake. My brother helped me check the account and there is only $200 left. What do I do? I'm 19 now and have virtually nothing now
I had at least $30,000+ in my account. It was to stay with the bank until I was 18 and able to get it out. When we went to get it my father got a card to the account as well. Big mistake. My brother helped me check the account and there is only $200 left. What do I do? I'm 19 now and have virtually nothing now except for the $200, which will probably be gone anytime now.
@STEVEN F No, no it wasn't. It was used to buy things for people I don't know and have no relation to whatsoever without my consent.
Either sue him or find a way to get past it. It sucks enormously, but for the future, you'll know never to trust another soul with your finances.
***Experience; my mom stole any money I had received since I was a baby, found out at 16 that I had $100 left in the bank and that's it. My sister made $5k as a child actor, she found it when she was a teen that our mom had taken all of that money too. Do not trust anyone when it comes to your money. Sad, but necessary.
this sounds like this was a trust that was held for you until you turned 18, obviously your father was the administrator of it but he had absolutely no right to use the money for anything other than you during the life of the trust
the bank was in error for allowing him to access the account, and of course, now you can sue him for the money, he actually might be found guilty and spend jail time, this is embezzlement but that won't get your money back
Your father had a fiduciary duty to ensure that all money was to be used on your behalf. If any of it was used for any other purpose, your father should be held accountable. So, the question is – do you feel like having your father thrown in jail for fraud and/or embezzlement (or assuming a settlement, return the $30,000). If so, file suit against your father.
You can sue your father and make him accountable for your money. Consult an attorney if your father has the means to pay you back.
Was he the trustee in charge of your trust fund – money that was in trust for you? If so, sue him for reckless misuse of your money. He should have put it in a "secured" investment. That is the trustee 's job – to invest it wisely. Consult with a lawyer.
You cant do anything; you granted Dad access. Which part of 'big mistake' is unclear? move the last 200 NOW or youll lose that too.
your father owes you 30,000 plus interest.
However, you are looking at this the wrong way. The 30k was savings. It's purpose was NEVER to to pay for your day to day living expenses. This is why you have a job. And while you may well be out of 30k, your life hasn't changed.
I had at least $30,000+ in my account. It was to stay with the bank until I was 18 and able to get it out.
WRONG. It was to be USED for your care, and it WAS.