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Wells Fargo Claims Customers Are Liable for Unauthorized Transfers, Say Victims of Bank Fraud, As New Class-Action Lawsuit Filed in Federal Court – The Daily Hodl

Wells Fargo is facing a new class action lawsuit that alleges it violated the law by holding customers liable for fraudulent transfers. of suitThe lawsuit, filed in Pennsylvania federal court by Jennifer Rice and Eric Westervelt, alleges that Wells Fargo routinely violates the Electronic Funds Transfer Act by failing to compensate victims for their losses. […]

JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report – The Daily Hodl

A new report claims a $92 million money laundering scheme “completely” passed through three major U.S. banks. A group of suspected drug traffickers and money launderers are accused of depositing hundreds of thousands of dollars in illicit funds into accounts at JPMorgan Chase, Bank of America and Wells Fargo. Reports CNN reported, citing court documents. […]