UPS loses inheritance of nearly $1M — then offers $32 refund

FOX: UPS lost a bank draft containing a Canadian family’s $846,000 inheritance, and then initially tried making things right by offering to refund a mere $32 shipping fee.

The drama began in February, when, Louis Paul Herbert told CBC, his family was going over his father’s will and dividing money between family members. Herbert said he went to a UPS store near Cornwall, Ontario, to pick up a package his sister, Lorette Taylor, had sent him containing a bank check with his part of the fortune.

But the check never arrived.

“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?’” more here


16 Comments on UPS loses inheritance of nearly $1M — then offers $32 refund

  1. The bank was afraid of someone finding and cashing the lost check? These people never heard of cancelling a check? In my backward part of the world we can go online and cancel a lost check, and at no charge into the bargain!

    Jeez these sophisticated city types are really dumb.

  2. @Lisl – The account above notwithstanding, it wasn’t a check. It was a draft. Quite a different thing, almost like cash.

    Why the idiot sister didn’t insure the package for the full amount is my question.

  3. @Uncle Al – I know it was a draft, but the point remains. They don’t have a tracking system to put a stop on funds? “Like cash” but it’s not not if the money is sitting in an account somewhere and needs a piece of paper to access it. It’s just as ridiculous that they could somehow not track it.

  4. Hmmm… Who sends a cashiers check in uncertified and uninsured mail? With this kind of money on the line, I would be an asshole control freak in every step of the process. I’d probably fly out personally to collect the funds, and if I could deposit them onsite, I’d do so or simply arrange an electronic transfer. Either this family is getting conned by whoever “mailed” the check, or they were naive to the point of utter stupidity. You don’t fuck around with money transfers like that. You don’t trust anybody at all.

  5. I don’t understand.

    Since I don’t understand. The offended better open up a gofundME, to make matters right.

    That’s the way everything works nowadays?

  6. I lost count of the idiots in this story. Anyone who advises sending a draft for hundreds of thousands via UPS in an abject fool. Anyone who takes that advice is an even bigger one. That amount of cash calls for a wire transfer, plain and simple.

  7. If the bank was going to send an uninsured cash equivalent, I would have made them send the cash. Now the bank gets interest on the funds and can continue to do so for a long ass time. But they would never send cash because that’s stupid (the bank loses control). Same as you shouldn’t accept a cash equivalent.

  8. Sorry, if it was MY $ Million, I’d go pick it up or have it electronically transferred. But that’s just me – I’m kinda funny bout my money.

    izlamo delenda est …


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