WINFIELD – A Putnam County woman says the son of a man who
named her beneficiary of his retirement account took the funds without legal
Vanessa Barnes filed a lawsuit April 25 in Putnam Circuit
Court against Suntrust Bank and Richard E. Campbell Jr.
According to the complaint, before his death in December
2014, Richard Campbell established two rollover IRA accounts with Wells Fargo
Bank, naming Barnes, whom he lived with, as the beneficiary. He had requested
a check for the rollover funds from Fidelity Workplace Services, the
administrator of his Pepsico retirement account, the suit says. This check was
allegedly made payable to Wells Fargo and was to be used exclusively to fund
the Wells Fargo IRA, according to the claim.
After Campbell’s death, his son and administrator of his
estate, Richard Campbell Jr., deposited the check from Wells Fargo in an account
with Suntrust Bank, according to the suit, which claims the defendant did not have the authority to cash
the check, and further states that Suntrust was in error when they accepted a check not
made out to the defendant.
Barnes seeks recovery of the full amount of the check,
$189,970, plus litigation expenses and interest. She is represented by attorney
J. Nicholas Barth of Barth & Thompson in Charleston.
Putnam Circuit Court Case number 16-C-98