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Capital One sold off IRA CD's to Millennium Trust without notification, authorization or any communication at all. I had two IRA CD's (one of which was a savings account combo with IRA CD) that had a 5 year term.
I contacted Millennium Trust who informed me they charged me an annual fee (after 6 months of having my money mysteriously given to this company), and if I wanted MY money, or transferred to another account, they would also charge me an additional $25 to close it. They are charging more than the CD's guaranteed interest rate.
Millennium Trust also informed me that I would be penalized, and they would be reporting my "early withdrawl on a retirement account" where I'd be paying penalties and fees to the IRS" so I'm taxed another 10% on top of this.
It's now 12/3/23 and Millenium Trust informed me that I have to go to my regular bank and get some forms notarized if I want to transfer the money, but won't offer any credits aside from the annual fee (since it hasn't been a year). Is this even legal?
Claimed loss: Previously filed a complaint and erroneously listed $8303 as my claimed loss. I was incorrect
Desired outcome: I want the full amount credited to me or transferred back into Capital One into the other savings account I have. This was not legally executed.
