Saturday, May 14, 2022

Filipino Titan Jorge Araneta Has Safety Deposit Box Drilled and Sold by JPM Chase So Sues

 

By Matthew Russell Lee, Patreon Maxwell Book
BBC-Guardian UK - Honduras - ESPN NY Mag

SDNY COURTHOUSE, May 9 – Filipino businessman Jorge Leon "Nene" Araneta and his wife Stella Araneta, described as a beauty queen from Colombia, sued JPMorgan Chase Bank for having sold the contents of their safety deposit box at auction.  

 On May 9, U.S. District Court for the Southern District of New York Judge Naomi Reice Buchwald held a proceeding. Inner City Press covered it.  

Judge Buchwald said she had Googled the Araneta and saw that they were accomplished. Their lawyer said Jorge Araneta has more resources that him or his partner.

Judge Buchwald asked if Chase had given notice. It had sent a letter, she was told, but to its own post office box in Baton Rouge, Louisiana.

The case is Araneta et al v. JPMorgan Chase Bank, N.A., 22-cv-2346 (Buchwald)

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