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Yes, you can absolutely sue for those funds. You can also file complaints with the state Attorney General's office: http://www.ag.state.la.us/Article.aspx?articleID=36&catID=0, as well as the US Office of the Comptroller: http://www.helpwithmybank.gov/complaints/index-file-a-bank-complaint.html.
You can also sue in small claims court if the amount is under $3000.
Do a search on the web for your county and "small claims court." You should find either a website or phone number to the small claims clerk. Ask them what you need to do to bring such a lawsuit. The small claims clerk will give you guidance on how to file this suit and how to get the other party served with notice. You will receive a hearing date, at which you should present your evidence and ask for a judgment for the amount that you paid.
While there of course is the old saying "buyer beware", that assumes that you get something in exchange for what you pay. It seems like you paid $1,500 for nothing here.
...and based upon false misrepresentations of the employees of the bank, in the course and scope of their employment.
As such you can absolutely sue the bank and should be able to recover for their fraudulent behavior.
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