UPS loses $846K Inheritance, offers $32

UPS Loses Family’s $846K Inheritance, Offers to Refund $32 Shipping Fee

A Canadian man says he’s broke after the United Parcel Service lost track of his inheritance.

The intended $846,000 delivery was a bank draft from TD Canada Trust, which still hasn’t refunded the lost fortune 10 months later. Instead, UPS offered an apology and $32 to pay for the mailing costs, according to a CBC News report.

“It was a total surprise,” Lorette Taylor told CBC News. “Never in my wildest imagination did I think something like this would happen.”

Taylor’s brother, Louis Paul Herbert, said they were finalizing the details of her father’s will last February and went to a local UPS store near Cornwall, Ontario, where he was expecting a package from his sister containing his share of the inheritance in a bank draft. But it never came.

“I’m waiting at the UPS store, around 3 p.m. because that’s when they said the guys came in—nothing shows up,” Herbert told CBC News. “I came back in the evening. Nothing shows up...and I’m wondering, ‘What’s happened to my inheritance?'”

Taylor sent the money through UPS from her lawyer about 270 miles away in Georgetown, Ontario, so Herbert wouldn’t have to worry about picking up the money. She obtained the bank draft in February after she said the bank advised it as the safest way to send the large sum. TD guaranteed Taylor and her husband, John, that the money would be replaced if the draft was lost, she said.

“They said a bank draft was more appropriate” for that amount of money, Taylor said. “Never in my wildest imagination did I think something like this would happen.”

The delivery company said the dough could not be traced.

The United Parcel Service lost a Canadian family’s $846K inheritance. The intended delivery was a bank draft from TD Canada Trust, which still hasn’t refunded the lost fortune 10 months later. Photo via Smith Collection/Gado/Getty Images

“While UPS’s service is excellent in our industry, we are unfortunately not perfect. Occasionally, the loss of a package does occur,” spokeswoman Nirali Raval told CBC. “Our records indicate that our team followed UPS protocol and an exhaustive search for this package was completed by our Operations and Security teams. Unfortunately, we were unable to locate the package.”

The postal service refunded Taylor the $32 it cost her to mail the lost parcel and sent an apology letter, but she says that doesn’t really solve her problem.

The bank is refusing to refund the money unless Taylor signed an agreement to pay them back if someone cashes in the lost draft. She signed the agreement, but says the bank “never paid anyone a dime.” The bank also demanded she let TD put a lien against her house if the draft was cashed, but she refused.

“If the bank really wants indemnity, then UPS should sign it,” she said.

TD sent CBC a general statement that “before we can agree to a replacement or reimbursement, we need appropriate security to be in place.”

Herbert said he has maxed out his credit cards and desperately needs the money.

“TD has the money. The money is actually sitting in an account with TD. Nothing has been stolen. It’s there. That’s my inheritance,” he said, adding that if he had the cash, “I would have been retired.”

I don't get it. It's not like it was cash. Someone has the money the draft was drawn with. If it's a bank, just invalidate the draft and write another one.

.

Hahahaha 

Pay the wire fee you cheap fuck

It's been resolved by the bank apparently

Beninger - It's been resolved by the bank apparently


"That Bank" loses money. Nobody wants to be "that bank."

Someone has to die. UPS needs to offer up its pound of flesh.

angryinch - I don't get it. It's not like it was cash. Someone has the money the draft was drawn with. If it's a bank, just invalidate the draft and write another one.
This. I've actually lost a cashier check before. The bank cancelled it and replaced it. Strange.

Sounds like everyone was retarded in this story.

Just so you know, they got the money after this bank got blasted in the news of course.

Hashtag -
angryinch - I don't get it. It's not like it was cash. Someone has the money the draft was drawn with. If it's a bank, just invalidate the draft and write another one.
This. I've actually lost a cashier check before. The bank cancelled it and replaced it. Strange.
Exactly, how is this a thing? The banks fucking them around.

For almost a million bucks I think I would have just drove the 270 miles.

MarcusAurelioFan - Just so you know, they got the money after this bank got blasted in the news of course.

Amazing how difficult it is for companies to do the right thing before having to be publicly shamed.

Why in the world can't companies just do the right thing from the start? Fuck that bank. If I had an account there I'd close it and go somewhere else.

Are they afraid someone would come in and cash the check, walk out with 846k cash and never be seen from again? Something is missing from this story.

Bank and dude who's inheritance it was are total retards.

stevezur -


Are they afraid someone would come in and cash the check, walk out with 846k cash and never be seen from again? Something is missing from this story.

I actually suspect this was the case.  I think to be exact, they were concerned the guy would find the check, and cash it, basically double dipping. 

 

I guess for for some reason, the check couldn’t be canceled. 

This is all on the bank, not sure why they are bringing UPS into it. That's scummy.

And when we did bank drafts, we hand delivered them. I once did it as a lawyer because they didn't trust a paid courier. That was retarded that the bank told them it was no bid deal if it was lost but then made a huge deal including asking for a lien.

Should have used bitcoins.