Complaint Review: Canopy Financial - Internet
- Canopy Financial 230 West Monroe Suite 2330 Chicago, Illinois 60606 Internet United States of America
- Phone: 866-960-4700
- Web: http://www.canopyfi.com/
- Category: Financial Services
Canopy Financial Stole my Health Savings Account Internet
*Consumer Comment: 'BANK POEM'....
*Author of original report: Canopy Financial victims should stand together
*Consumer Comment: Canopy-Wellfund Ripoff
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Canopy Financial made the news a couple of weeks back when it declared bankruptcy in the latest corporate scandal, taking many millions of investor's money down. What is less known is what it did to its customers.
This report was posted on Ripoff Report on 12/12/2009 06:13 PM and is a permanent record located here: https://www.ripoffreport.com/reports/canopy-financial/internet/canopy-financial-stole-my-health-savings-account-internet-538437. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#3 Consumer Comment
'BANK POEM'....
AUTHOR: Karl - (U.S.A.)
SUBMITTED: Monday, December 21, 2009
is available in the comments section at the 'BANK OF AMERICA' page of this site. There are many poems available there. Anyone can go to 'Bing', and then type this in, exactly as it appears here- BROCK O'BOMB-A POEM, and the power of 'Bing' should take you to that poem and others.
#2 Author of original report
Canopy Financial victims should stand together
AUTHOR: Vladimir Makarov - (United States of America)
SUBMITTED: Sunday, December 20, 2009
The only way that I see to protect our rights, and to make sure it does not happen to others, is to get to know each other (all former HSA holders burned by Canopy) and to go after the company as a group. I am also thinking of going after banks where the money was kept. After all, it is hard to "misappropriate" funds from a bank without a gun or a conspiracy, isn't it? The crime committed by Canopy in stealing the HSA funds is worse than wasting the VC investments. VCs are ready to lose their money; it is their job to allocate it according to risk. But theft of HSAs is a crime of moral turpitude, aimed at those who can afford it the least. Letting the media know about this crime is newsworthy, and may create the buzz that we, Canopy victims, need to get our savings back. But one person's voice is thin; if we stand together, it will roar.
#1 Consumer Comment
Canopy-Wellfund Ripoff
AUTHOR: RLS - (United States of America)
SUBMITTED: Sunday, December 20, 2009
All good info here on this. What amazes me is that there has been roughly ZERO media coverage on this debacle. The ABC affiliate in Chicago did a piece on the Chapter 11 filing in late November, but I can find little else. Is that because the company is based in Chicago (thanks, Mr. President) and has offices in San Francisco (thanks, Ms. Speaker)? Maybe that's where the money went. Anyway, I agree that HSA accounts should not be dischargeable in a bankruptcy reorganization - thanks for the code citation. My wife and I each have a Wellfund HSA account with a combined total in low 5-figures, and have sent proof of claim forms back to the Bankruptcy Court in Chicago. How do we go about arguing that these accounts should not be discharged in the Chapter 11 proceeding and that they should be insured by the FDIC (or what's left of it...)? And has anyone heard from the SEC or the FBI about the extent of the damage in terms of dollars?
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