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Los Angeles Times
Los Angeles Times
Business
David Lazarus

Consumer Confidential: Here's what happened after $1,200 was drained from an 11-year-old's bank account

Noah Golden opened an account at Chase bank in 2017 for his then-6-year-old daughter. The idea was to gradually deposit funds and then present her with the windfall when she turns 18.

Golden, 41, seldom monitored the account. Year after year, he just kept putting cash into it.

It wasn't until recently the Los Angeles resident discovered that, on dozens of occasions, someone else — not his daughter — was taking money out.

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