Safe Deposit Boxes Aren't Safe - The New York Times

www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html     2019-07-19
A Bank of America spokeswoman declined to comment on the case. The company's restrictive terms aren't unusual. Wells Fargo's safe-deposit-box contract caps the bank's liability at $500 ...

Safe Deposit Boxes Aren't Safe- When Philip Poniz opened Box 105 at his ...

safedepositboxinsurance.com/2019/08/14/safe-deposit-boxes-arent-safe/
Safe Deposit Boxes Aren't Safe- When Philip Poniz opened Box 105 at his local Wells Fargo, he discovered it was empty — and that he was totally unprotected by federal law. By Stacy Cowley In the early 1980s, when Philip Poniz moved to New Jersey from Colorado, he needed a well-protected place to stash his collection of rare watches.

Safe Deposit Boxes Aren't Safe - Preaching Today

www.preachingtoday.com/illustrations/2020/january/safe-deposit-boxes-arent-safe.html
Philip Poniz needed a well-protected place to stash his collection of rare watches. He had been gathering unusual pieces since he was a teenager and he became an internationally known expert in the history and restoration of high-end timepieces. ... In 1983, he arranged with his bank to rent a safe deposit box. In the vault were hundreds of ...

'Thought my heart would fail,' says bank customer who ... - The US Sun

www.the-sun.com/news/10988500/wells-fargo-bank-customer-safe-deposit-account-emptied/
A COLLECTER has lost millions of dollars worth of items in his safe deposit box at Wells Fargo. Philip Poniz, 67, thought his rare watch collection was safe when he placed it in a bank deposit box in 1983. But when he went to check on his possessions in 2014, everything was gone.

Deposit boxes fall through the cracks - The Columbus Dispatch

www.dispatch.com/story/business/finance/2019/08/11/deposit-boxes-fall-through-cracks/4490362007/
Deposit boxes fall through the cracks. In the early 1980s, when Philip Poniz moved to New Jersey from Colorado, he needed a well-protected place to stash his collection of rare watches. He had ...

PHILIP PONIZ v. WELLS FARGO BANK, N.A - Justia Law

law.justia.com/cases/new-jersey/appellate-division-unpublished/2019/a2249-18.html
A-2249-18T3 PHILIP PONIZ, Plaintiff-Respondent, v. WELLS FARGO BANK, N.A., HOPE HANNA, LISETTE SOBA, ASHLEY SMITH, MARK ILARDI, THERESA WRIGHT, LORETTA SPOSATO, KAREN MCGEE, and CYNTHIA ROBINSON, Defendants-Appellants. ... The judge determined each safe deposit box was considered a separate agreement and A-2249-18T3 4 therefore the 1998 ...

Tired of Trusting Your Valuables to a Safety Deposit Box? - Northwest Safe

nwsafe.com/blogs/tips/safety-deposit-box-alternatives
Furthermore, the imposing reality that safety deposit boxes aren't all that safe, has left many individuals scrambling for alternatives. In July 2019, the New York Times shared a detailed account of, "When Philip Poniz opened Box 105 at his local Wells Fargo, he discovered it was empty — and that he was totally unprotected by federal law."

Poniz v. Wells Fargo Bank, DOCKET NO. A-2249-18T3 - Casetext

casetext.com/case/poniz-v-wells-fargo-bank-na
PHILIP PONIZ, Plaintiff-Respondent, v. WELLS FARGO BANK, N.A., HOPE HANNA, LISETTE SOBA, ASHLEY SMITH, MARK ILARDI, THERESA WRIGHT, LORETTA SPOSATO, KAREN MCGEE, and CYNTHIA ROBINSON, Defendants-Appellants. ... The judge determined each safe deposit box was considered a separate agreement and therefore the 1998 Agreement was the governing ...

Safe Deposits Not So Safe - FindLaw

www.findlaw.com/legalblogs/law-and-life/safe-deposits-not-so-safe4/
A safe deposit box in a bank would seem to be the safest place in the world to store your valuables. But as a New Jersey man recently discovered, not only are safe deposit boxes not safe; there are no laws or regulations in place to compensate customers if their stored property is missing or destroyed.. Philip Poniz was a collector of valuable rare watches and stored his cache, valued at more ...

Safe Deposit Boxes Are Not Safe - Later On - leisureguy.ca

leisureguy.ca/2019/07/20/safe-deposit-boxes-are-not-safe/
The bank kept one; the customer held the other. Both were required to open a box. In 1998, Mr. Poniz rented several additional boxes, and stored in them various items related to his work. He separated a batch of personal effects — photographs, coins he had inherited from his grandfather, dozens of watches — into a box labeled 105.
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