B of A Can Now Give Your Bank Account Away!
By Claudia Sinclair - Special to the Las Vegas Tribune
Irwin Schiff Will Be Back In Court on Monday, March 18th
Clark County Courthouse
Judge Allen Earl presiding.
Irwin Schiff's recent Clark County lawsuit against the Bank of
America has caused that Bank to change its "Depositor's
Agreement." It now reads that
if that Bank mistakenly gives your money to
someone else, you won't hold the Bank liable. No, we are not making
this up. You will find this new provision on page 2, paragraph 5 of
its new "Depositor's Agreement." "Unlike most other
banks," said Schiff,
"the Bank of America's 'Depositor's Agreement' allows it to
turn over your money to 'another
person or entity (who) makes a claim
against the funds in your account.'
even without a court order.
"Most people are unaware of
these agreements, including myself, when I
opened several accounts in that bank a while ago. The Bank
subsequently turned over $8,000 of my money to the IRS, even though
they were under no legal obligation to do so. So I sued the Bank
for breach of contract and am now
seeking $83,000 in damages.
"Despite this provision in
its Agreement, I was still able to claim an
abuse of desecration and breach of contract. The Bank had no
legal obligation to honor a Notice of Levy sent to it by IRS
Revenue Officer James F. Gritis. A
month after I filled my lawsuit," said
Schiff, "the bank substantially rewrote its agreement which
now includes an outrageous
provision that depositors won't hold the Bank
liable even if it wrongfully turns over their money to someone
else. How many people with money
in that Bank know that they have agreed to
such a ridiculous proposition? And the Bank even added a
provision that by leaving your money in that bank you have agreed
to these new provisions even if
you are unaware of them."
Trying to insulate itself against a rash of law suits which would
result from Schiff's successful lawsuit against the Bank, the
Bank's new agreement also contains
provisions that if you do sue the bank, you
waive your right to a jury trial and also agree now to join any
class action or other lawsuit against the bank. Schiff claimed that
he doesn't believe that these new provisions will hold up, and
anyone who has had funds turned over to the IRS by that Bank in the
last two years could join his lawsuit against the bank.
"In addition," said Schiff, who has written numerous books
exposing the federal government's
illegal enforcement of the income tax, "Anybody
can sue any third party who has turned over your funds to
the IRS within the last two years, on the same basis as I have sued
the bank of America." For more information on how to sue banks
and other third parties who have
turned over your money to the IRS, call Schiff,
who maintains offices at 444 E.
Sahara Avenue. Las Vegas, Nevada. 702- 385-6920.
Irwin Schiff v. Bank of America will be back in Court on Monday,
March 18th at 3:00 p.m.
Clark County District Court: Department 19. Judge Allen Earl
200 South 3rd Street, Las Vegas, Nevada 89101
To Schedule Irwin Schiff for Interviews & Speaking Engagements, Call
702-385-6920 or 702-457-4851
More about Mr. Schiff's latest successes on these websites:
Irwin Schiff's "Un-Tax" Seminar & Workshop
March 29th and 30th
Radisson Hotel and Conference Center
at the Hobby Airport
Call: 800-829-6666 to pre-register!
$150. per person
$200. per couple
(Tax Attorney or Accountant is FREE with paid participant.)
See Irwin Schiff on The Debra Duncan Show on Thursday, March 28th,