Grandpa Joe's embezzlement conspiracy theory

Yes, readers, another Grandpa Joe entry. For those unamused by the antics of the age-ed, check back tomorrow. For Joe's fans, keep reading.

This morning I telephoned my mom (Sandra) to tell her happy Mother's Day and to catch up on current family events. After a minute or two, Sandra conveyed she really was in a knot because just recently something happened with her dad (G. Joe) to cause great angst.

First, some background: Grandpa Joe gifted away his life savings to his three children (2 sons, 1 daughter) many years ago in order to "outsmart the lawyers from stealing" his money. That said, the siblings each hold a separate account in their names, wherein the interest is automatically gifted back to Grandpa Joe to supplement his pension. The total gifts are less than $10K a year from each sibling, so there are no taxes to be paid on the gifts. So, a couple years back, Grandpa Joe wanted Sandra to change the beneficiary names on the account to add myself. So she flew to Ohio and they went to the bank and signed the requisite papers, etc.

Since that time, apparently a loose end developed on the bank's part. The interest that is supposed to be automatically deposited in his bankaccount from my mother's holding has never shown up. So, only last month he discovered the missing deposits while performing a close inspection of his finances. The reason why he never noticed until now is because Grandpa Joe's miserly and meager lifestyle never leaves him counting change at the end of the month. He actually saves part of his monthly income from the pension and gifts in other bank accounts! At 93 he is still saving - a vestige of the Depression mentality, one surmises.

Anyway, since Grandpa Joe discovered the problem, he visited the bank demanding to know where the money was going, but the bank has refused to tell him anything because he is not a beneficiary on the account. I can only imagine the scene at the bank he created. Then, in a tizzy of frustration, he placed phone calls to my uncles asking if they were aware of an embezzlement scheme my mom was trying to pull over on him with the bank. Imagine that! My mother is an angel, too. But apparently Grandpa Joe sees otherwise in his advanced, yet feisty age.

Current Status:
The bank claims to be investigating the matter.
Grandpa Joe is still suspicious. He fell in the garage over the weekend, but is ok, of course.
And he went to the Y the next day.