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MyPayrollHR abruptly closes, takes $35 million of earned money, leaving accounts overdrawn

Posted at 10:59 PM, Sep 13, 2019
and last updated 2019-09-13 23:22:29-04

After a month of freelance work, Raymond Videc got a check for over $4,000 and days later it was yanked out of his account.

"Here I am with no money and the bank saying there's nothing they can do about it," Videc said. "I reached out to the bank and I asked them if they could do anything to stop it and they told me no because it was in a pending status."

Unfortunately, that was not the end of the issues.

"So the next day comes, I wake up in the morning and the exact same amount had been taken out of my account a second time and now I'm negative," Videc said.

Videc is among more than 2,000 of people in a Facebook group who say they had money they should have made taken out of their accounts.

Thankfully, PNC bank worked out Videc's case, but he's among the thousands of people across the country dealing with the fallout from the abrupt closure of MyPayrollHR.

The company, which handled direct deposits for thousands of companies, reportedly diverted an estimated $35 million from employee checks and accounts across the nation leaving many, like Videc, in the negative.

The FBI is now investigating, but Videc said it never should have come to this. He wants an explanation from his bank.

"They shouldn't allow people to just come in and take money out of your account without providing some kind of valid reason for doing so," he said.

News 5 reached out to MyPayrollHR and PNC, but have not heard back.