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Randy Quaid -- My Bank Stole My Fortune

8/23/2010 8:30 PM PDT BY TMZ STAFF

Randy Quaid claims his most trusted financial advisors -- along with his bank -- conspired in a diabolical plot to steal his multi-million dollar fortune ... this according to a new lawsuit.

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Acting as his own attorney, Quaid filed a lawsuit in L.A. County Superior Court today, claiming he's lost more than $10 million in "loans I did not need or want" after his advisors forged his signature on key financial documents.

Long story short -- Quaid claims the advisors made fraudulent real estate loans with the help of City National Bank ... which has led to huge financial losses and big trouble with the I.R.S.

Quaid also claims his financial people stole several paychecks from his work on high profile Hollywood projects -- specifically an estimated $600,000 in royalty checks for his role in "Brokeback Mountain."

In the suit, Quaid does not specify how much he wants from the advisors and the bank -- but he implies that the number is astronomical.

49 COMMENTS

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46.

emerald    

#40 vidahl Don Johnson really?! Isn't this the guy who has declared bankruptcy at least 9 times to avoid these problems hm?!

1418 days ago
47.

emerald    

BTW I thought from re-reading this it's the financial advisers he's blaming for stealing the money with forgery of his checks, he's just named the bank that permitted it to happen unquestioned lol!! I remember a bill I got for over $2k and I hadn't made the charges - I went ballistic wanting to know how they could think these were my charges, their reply "well we thought it was odd but we don't automatically contact you" lol!!! I'd been in hospital so I knew the charges weren't mine but because someone else had access to my home I STILL had to pay up?@!!! Banks look after one person only THE BANKS!!

1418 days ago
48.

SiouxCityBoy    

All banks are supposed to have signatures which they are supposed to compare. The advent of electronic clearing where a signed check is submitted as a electronic debt means that the original submitting bank also "guarantees" the signature as valid. I recently sent my maid to WalMart with an un-signed check. She made the appropriate purchases and the cashier then ran the UN-signed check through the register scanner and the account as scanned was accepted (because there is a WalMart HISTORY of my "signed" checks). My maid returned to home with the check with the register notations as to amount imprinted and also a voiding of that particular check precluding it's future use. Banks no longer check signatures! They long ago fired the lower paid employees that manually processed the checks and gave the signatures a once-over. Randy Quaid's bank may well be liable for accepting and cashing a FORGED check or other legal item..

1393 days ago
49.

jboogy    

Uh yeah, the idea that financial advisors and banks would steal is so totally ridiculous and outlandish that to even entertain the idea is beyond absurd........berny madoff? Look, I'm not saying Randy isn't responsible for overspending and not keeping an eye on his finances. Most likely that is a large part of what happened, but to hear all of you scoffing at the idea that maybe he was ripped off is just astounding to me, have you not been paying attention,... entertainment and sports figures are commonly and regularly ripped off by the more financially savvy advisors they surround themselves with, are all of you really dense enough not to absorb that?

1393 days ago
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