Lovell, who has an account at that Commerce branch, says he tried to tell officials at the bank that the multimillion-dollar account wasn't his. But he says they told him it was his account and that he could withdraw the money. So he did - more than $2 million. That money went toward jewelry, cash gifts to friends, and a number of failed investments, authorities said.
The Brooklyn District Attorney's office says the name on the account was Benjamin Lovell, just a different one. The rightful Benjamin Lovell works for Woodlawn Trust, and was a signatory on the account for Woodlawn.
Commerce Bank declined to comment.