Wells Fargo Scandal: 5 Things you Need to Know!
Wells Fargo Scandal: 5 Thing you Need to Know!
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Employees of the Giant US Bank Wells Fargo spent years setting up fake accounts in order to scam money from customers. WatchMojo News presents 5 facts about the scandal, examining how and why the fraud came about, who committed it, what kind of effect it had, what are the larger implications for banking in America.
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Since Wells Fargo is cracking down on it I think this bank is safer than the others right now. I applied for a credit card and I hope I get one!
Nothing we didn't know. Go read about Black Bart. Yeah, they stole his gold mine and he made the mistake of fighting back.
However, this video is just propaganda. Banks fight wars just like politicians. They demonize each other. I'm sure other banks do scandalous things also.
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Every bank has had it's flaws
Why does my school have a partnership with them I hate this
I used to work for wellsfargo and let me tell you it was bad
That's so true they only hired me too meet there sales quota not because they liked me
How about predatory lending? How about Discrimination Against the Disable! Especially those without out the know-how, or knowledge to defend themselves? The same with the elderly and our beloved VETS!
I closed my account with these crooks , and 2 months later i got a email saying my account was overdraft due to the account fees , be careful with that also they keep your account open to make money on fees
They're my bank too although I only have a checking and savings account with them. I actually like them and have had nothing but great customer service every time I contact them. I will say though if this happened to me I would switch banks that's for sure.
#DiscoverBank for those affected by the scandal
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Wells Fargo has 1.9 trillion dollars worth in assets (which ranks them 3rd biggest in North America), and all they get fined is 100 or so million bucks?? No one goes to jail, and its business as usual. This is hypocrisy, America is full of honest, kind, and hardworking people, we deserve better.
You'd be better off putting your money in your mattress…. For every customer that got a car loan and ended up loosing their car because of these scum bags taking out UN NEEDED insurance; one suit should go to jail for a year… For every fake account that was opened they should tack on an extra year for every suit sent to jail…. THATS JUSTICE… FINES ARE MEANINGLESS and unless the fines collected are being given to the PEOPLE AFFECTED; they only benefit the same government that allowed these and other scumbags to operate in the first place…….
Wall street & banksters are the problem!! Greedy thieves!
Wells Fargo has money traps in its business Debit card accounts. There is no way to have your card denied by a merchant. So you don’t get the fees. WF say’s you have to have a savings account on your business account. ? Why I was not told this? Because it is somewhere in the three booklets that they over whelm you with when activating the account. They say you have 24 hours to make up the deficient funds but it can take 24 hours for the funds to go through. So, you can look at your account and see no charges add money so you can carry on but because you had two over drafts instead of having plenty of money for gas and small purchases you get more and more over draft fees. = Money traps. = Wells Fargo Business account.
Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.
My husband and I closed our Wells Fargo checking account they were not very happy and asked me why I told her all the scandal she had the audacity to ask what scandals I just looked at her please Wells Fargo is not the VICTIMS the Customers are
Been with WF for 17 years, but not any more. Moved to a credit union. Adios criminals!
FUCK ALL YOU MOTHERFUCKING BANKSTERS !!!!!!!!
They don't pay you s*** for keeping your money there and they charge you all kinds of f**** fees to get at your own money it's f**** robbery man
There were employs that reported this problem. What happen to them
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They been good me for past 6 years
I’m closing my account there! They accused me of fraud and seized my money from closing of my home
In 2005 I opened a checking/ savings account at Wells Fargo. They asked if I wanted Overdraft Protection using my savings account. I answered yes. Six months later I get a Wells Fargo credit card statement with a ballance of 500 dollars due. Apparently, they had opened a credit account and set it to cover the overdrafts from checkings. This was 2005, so they have been scamming customers for at least 12 years.
If customers are not reimbursed immediately, then there will be more exacting ramifications. No one should trust Wells Fargo.
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I didn't get my money back but who cares not my karma. the fight still goes on for them
Making fake accounts and giving customers good credit history. :/ sounds good. As long as they not taking my money im qualified to loan for a house
People move your money from "for profit" banks to "not for profit" credit unions, problem solved.
Wells Fargo still corrupt. Solution: move your money to a credit union. Boycott Wells Fargo.
i hate wells fargo mother fucker i hate it arr i am soo angry
I don't want to know anything about Wells Fargo. Fuck them all to hell.
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Illinois JUDGES readily support Wells Fargo bank foreclosures fraud based forged documenents. Cook County JUDGE Robert E. Senecalle, Jr. (who obtained his seat in the most corrupt manner) acted in excess of all jurisdiction, trespassed all laws and criminally concealed material documents from my case records. When I opposed his decision, Judge Senechalle invited an impersonator from Attorney General's Office to threaten and intimidate me with bogus "criminal contempt" charges. On August 23, 2017 I was wrongfully detained by another judge, Patricia Spratt, without ANY cause, any explanation and any explanations. Judge Spratt paid to convicted in bribes Alderman Carothers to obtain his AUNT's Anita Rivkin-Carothers judicial seat which suddenly became vacant after Patricia Spratt lost her judicial elections in 2014. But she is married to a well-connected Senior Judge of Federal Court of Appeals, William J. Bauer who has very close connections with Illinois Supreme Court Justice Theis, so his former secretary Spratt was able to obtain her judicial seat and fix cases in favor of Wells Fargo bank. As of today nobody saw these documents – yet each Judge stands for Wells Fargo bank even though they never had any jurisdiction to rule for Wells Fargo. See more on corruptionpedia.org