You Be The Judge - Woman Falsely Arrested vs. Bank
By Ric Edelman
A woman bought a used car for her son, only for it to stop working on the way home, just seven miles from the dealership. When the dealership wouldn’t respond to her complaints, the buyer requested a stop payment on her check due to “dissatisfied purchase.” The bank issued the stop payment but mistakenly labeled the check as returned due to insufficient funds. The dealership then filed charges against the woman for passing a bad check. As a result, she was arrested in front of her family, sent to jail, strip-searched and forced to wear an orange jumpsuit. She was released on bail eight hours later. The charges were dropped after the bank admitted its error. She then sued the bank and won $49,000. Does she have to pay taxes on that money?
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