Inspired by: Wells Fargo
My opinion: I highly recommend immediately transferring all assets from any bank associated with Wells Fargo to Credit Unions. Wells Fargo is acting unethically to cut their costs at the expense of their account holders. Federal Insurance will NOT protect funds stolen from you through bad checks at Wells Fargo. Other institutions do protect against fraud to protect your money, but NOT Wells Fargo.
I have the documentation if there is any question as to the legitimacy of my statements.
This is my personal experience which is costing me over $1,000:
Wells Fargo is purchasing banks and as a result is changing policies of the bank without informing the members of key changes regarding fraud against the member. Two books are sent to the member that are unrealistic to read; thereby giving Wells Fargo camouflage to make sweeping changes without the member's knowledge.
Wells Fargo no longer prosecutes people committing fraud against a bank member.
Wells Fargo will NOT reimburse the member for ANY fraud against their account that is on anything but the current bank statement.
Elderly more often than the young are:
- sight impaired
- memory impaired
- detail impaired
- without mobility to be able to prosecute
My father is 80 years old and Wells Fargo allowed his care-giver to steal over $1,000 from him through writing fraudulent checks and cashing them at Wells Fargo banks. Even the thumb print and camera video document the care-giver fraudulently cashing the checks.
My father is bed-ridden and can not see to read anything without a magnifying glass. Just like millions of other elderly.
As a result, unethical care-givers take checkbooks and bank cards from the elderly and clean out their accounts over many months before the elderly know. The elderly finding out when they can not afford to pay for their prescriptions or even their housing payments.
I'm currently involved in this exact situation.
Wells Fargo is encouraging this behavior because:
- Wells Fargo will not prosecute the care-giver
- The care-giver is free to repeat this process over and over, victimizing countless elderly that are bed-ridden, legally blind, handicapped...
- Wells Fargo will not reimburse the elderly & handicapped for their losses
- Wells Fargo will either not maintain insurance coverage for losses
- or pockets the insurance without reimbursing the member for their losses
- Wells Fargo will not use the FDIC insurance on the accounts to protect account members from fraud.
Please inform the public about the gross abuse of the elderly perpetrated by Wells Fargo.
Please protect your family and have them immediately "transfer" all assets from Wells Fargo to Federal Credit Unions and other banks that do actively protect account members against fraud. Be careful NOT TO CHANGE NAMES or that may be considered an income and taxes will need to be paid.
Wells Fargo's local slogan is to basically smile for the customer; not provide customer service. This sounds like the same mantra of con artists.
Wells Fargo also actively attempted to steal my business assets. But that is another story, and I also have documentation to prove this allegation.
See also: Wells Fargo Scamming Patrons
