Chase Not Letting Up – Making Life Difficult For Boricua Businessman

Latinos have a different view of this logo if they knew what Chase has been doing to a Boricua contractor..

Several months ago I wrote a piece on Tri-Line Contracting, a Puerto Rican owned company that Chase basically ran into bankruptcy. The article which appeared on this blog was titled: JP Morgan Chase In The News, But Not For Abuse Against A Puerto Rican  (SOURCE). Unfortunately, the situation has still not been resolved and getting worse for the victim, Mr. José Velázquez.

The issue between JP Morgan Chase and Tri-Line Contracting Corporation is still in the courts. It has to do with differences between both parties regarding proposals and work scopes. That is an issue for the courts. However, it seems that some actions by Chase executives actually helped to bankrupt and destroy Tri-Line Contracting.  If that was not enough, now we learned that another division of Chase is making it difficult for Mr. José Velázquez, the President of the now bankrupt company sell his house.

With a bankrupt company and the issue still in the courts, Mr. Velázquez has limited resources to rely especially taking on a behemoth multi-national entity like JP Morgan Chase. The fact that Mr. Velázquez is being forced to sell his dream house to make ends meet is sad enough. Now he has to battle Chase again on their action to block the sale of his house, now that is abusive.

I believe Chase is seriously out of step with the reality of what this issue represents to the Latino community. For whatever reason Chase has no interest, or desire to settle with Mr. Velázquez as they do not see, or feel him as a threat in anyway that can affect their bottom line, profits. Perhaps the higher echelons of Chase have no knowledge of this issue with the construction division of Chase?

For this reason we urge all our readers who bank with Chase (and those that don’t bank as well) to help another Latino. Call, or communicate with Chase and let them know that this issue could become a major problem with Chase’s bottom line in attracting more Latinos to bank with Chase. If our growing community if of interest to corporate America, then corporate America needs to stop abusing members of our community.

The following is an interview that I participated in with Mr. Velázquez that further explains this controversial issue: SOURCE