Unexplained Account Closures by Chase Bank Lead to Wedding Cancellation, Debt Collector Harassment: Allegation
Daily Hodl Staff - June 24, 2025 - Financeflux
Brian Adesman, a California resident and founding lawyer of Miller Adesman, claims that Chase Bank shutdown his accounts without warning, leaving him in financial ruins and dealing with endless debt collectors. The bank closed his personal, business, and client trust accounts, causing him to cancel his wedding and move into a caravan due to missed mortgage payments on his apartment.
Adesman, who had been a Chase Bank customer for over a decade, is suing the bank to recover the $185,000 that was in his accounts when they were abruptly closed. In a statement, Adesman expressed his frustration by stating, "This wasn't just my business account. Chase shut down my personal and client trust accounts, too, without cause. It wasn't policy enforcement. It was financial destruction."
Chase Bank responded to the allegations by citing "concerning transactions" found in Adesman's accounts. The bank also pointed to a separate lawsuit filed by a New Jersey company alleging fraudulent payments, including $3.7 million deposited into Adesman's law firm's account. However, Chase Bank did not confirm if the fraudulent activity led to the account closures.
Adesman denies any wrongdoing and believes the bank froze his accounts due to lawful settlement payments received for his legal services. He states, "I was never told about, involving parties I’ve never heard of and facts I know nothing about, and yet Chase is now pointing to it as some sort of retroactive justification for what they did to me."
According to Adesman, Chase promised to return some of the funds within 10 business days via a cashier's check, but he never received the promised money. He has filed complaints with several regulators, including the Office of the Comptroller of the Currency, FDIC, and state attorney general's offices, but has yet to receive any restitution over a year after his accounts were closed.
Stay tuned for updates on this ongoing case, as Adesman fights for accountability and the return of his seized funds. Don't miss our latest stories, FAQs, and guest posts on HODLX, and follow us on X, Facebook, and Telegram!
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- Amid the ongoing legal battle, Adesman's allegation against Chase Bank raises concerns within the banking-and-insurance industry about the appropriate use of customer data and account termination policies.
- The cryptocurrency industry is monitoring Adesman's case closely, as it could set a precedent for altcoins investors dealing with traditional finance institutions, particularly when it comes to provocative transactions.
- General news outlets have begun covering Adesman's lawsuit, shedding light on the broader issue of alleged mistreatment and unfair practices by financial institutions towards their customers.
- Crime-and-justice specialists are analyzing Adesman's case, investigating if there were any irregularities in the bank's handling of his accounts, potentially implicating a wider network of fraud or unlawful activities.
