Wednesday, November 15, 2006

Bank of America loses millions over arrest

BoingBoing reports that a guy who was wrongfully arrested after Bank of America linked him to fraud. After all was said and done, BofA is refusing to reimburse him for money he had to pay to clear his name. After their refusal, many people have closed accounts, with a total over $50 million. As of now, BoingBoing readers alone have pulled out $72,000.

This is where companies' lack of respect for customers comes back to bite them in the ass, and in this case, took out a big chunk of skin. I bet BofA regrets their choice now, or at least you would hope that they would react to such bad publicity.

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5:57 PM | Posted by mike | 0 comments posted below


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