An elderly woman worked hard all her life, amassed $180,000 in savings, and lost $130,000 to her youngest daughter. With just over $200 left in her bank account, Madam Chen had no choice but to file a police report. A 73-year-old woman said: Xinmin Daily She said she opened three joint accounts with her youngest daughter in May 2021. “My husband and I have worked hard all our lives for this savings. This money was previously in our joint account before it was transferred to these three accounts.” Feeling something was wrong, she also checked her two other accounts. She noticed that in one account she had $19,999 completely empty and in another account she had $76,174 reduced to $61. “I saved about $180,000 and she withdrew $50,000 earlier, so she should have $130,000 left. But now she has just over $200 left,” Mdm Chen said. Upon investigation, Mdm Chen found that all the money was transferred by her youngest daughter. Afterwards, she filed a police report, but she was told there was nothing she could do because the money was in a joint account. “The police advised me to hire a lawyer, but that would cost a lot of money,” Mrs. Chen added. She says she can’t remember why she opened a joint account with her daughter. Mrs. Chen also called her daughter. “She admitted to spending my money and she said she would pay it back slowly, but I don’t know how she’s going to pay it back,” Ms Cheng said. Reporters tried to contact Mrs. Chen’s daughter for two days in a row, but to no avail. When they reached out to Mrs. Cheng’s son-in-law, he said, “Don’t write nonsense.” Cheng’s eldest daughter, Zhuo, 43, said her parents lost her life savings. According to Zhuo, her mother worked as a dishwasher for 30 years and her father operated a boat. She added, “My father fell ill a few years ago and is now bedridden. I didn’t expect her sister to receive the money,” she added. After the incident, her family’s relationship with Mrs. Cheng’s youngest daughter deteriorated, and she has since stopped replying to Mrs. Cheng’s messages. Ms. Chen believes her youngest daughter and son-in-law are facing problems with the business of a frozen seafood company that she started in 2021. “I asked the bank for remittance records and found that my youngest daughter has been sending money directly to the company’s employees, suppliers and even her husband since June 2021. In fact, this year’s marriage registration fee is also my money,” he said, adding that things had not gone well since her youngest sister started dating. She explained: “When he was with my sister, his own divorce proceedings had not yet been completed. After that, he didn’t come to see my parents, so we don’t know him very well and don’t have a good impression.”
