Pathetic: Wells Fargo Steps Up Scandal Control With TV Ad Over Bogus Accounts

Wells Fargo Steps Up Scandal Damage Control With TV Ad Push Reminds me of the GMAC videos when they changed their name to Ally after they got busted stealing the homes of millions of people… If you haven’t seen them, I embedded a few below. Wells Fargo & Co., trying to quell a scandal that … Read more

Search Warrant: Criminal Probe Launched Against Wells Fargo on Allegations of Identity Theft Over Bogus Accounts

California attorney general investigating Wells Fargo on allegations of criminal identity theft The California Department of Justice is investigating Wells Fargo & Co. on allegations of criminal identity theft over its creation of millions of unauthorized accounts, according to a search warrant sent to the bank’s San Francisco headquarters this month. The warrant and related documents, … Read more

Bogus Accounts: Wells Fargo Loses Better Business Accreditation

Bogus Accounts: Wells Fargo Loses Better Business Accreditation Wells Fargo has lost its accreditation with the Better Business Bureau, a decision that inflicts yet another black eye on the embattled bank in the wake of the month-old scandal over bogus accounts. The BBB announced Tuesday it has lowered Wells Fargo’s rating to C-minus, said Jarrod Wise, a spokesman … Read more

Gretchen Morgenson: In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses

In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses John Stumpf, the chairman and chief executive of Wells Fargo, won a dubious achievement award from one of his interrogators during Tuesday’s scorching hearings on Capitol Hill. The bank’s yearslong practice of opening bogus accounts for customers and charging fees to do so, said Senator Jon … Read more

Mitchell v. Wells Fargo Bank NA: Wells Fargo Faces Class Action Over Bogus Accounts

Mitchell v. Wells Fargo Bank NA: Wells Fargo Faces Class Action Over Bogus Accounts Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior. The lawsuit was filed in the U.S. District Court in … Read more

LLLP v LLP: Mystery Man Registers Bogus Near-Identical Foreclosure Firm Name with State, Wreaks Havoc

Lawyer Turns Sleuth in Effort to Find Mystery Man Behind Bogus Firm Editors note: Don’t any of you foreclosure fighters out there get any crazy ideas now… A law firm that has been trying to track down whoever registered a phony firm with a near-identical name still hasn’t corralled the “James Berger” who started the … Read more

The Hustle: Bogus Ad on Zillow Leaves Family with Young Children Homeless

The Hustle: Bogus Ad on Zillow Leaves Family with Young Children Homeless Peterson said she got money orders to pay the man nearly $2,000 in rent and a deposit. She said everything went well until she received a phone call Wednesday. “I was literally in tears, crying,” Peterson said. Orlando police told Peterson that the … Read more

Fraudclosure: Judge Fines Foreclosure Law Firm $1.8 Million for Bogus Billings

“Lawyers abusing the foreclosure process to enrich their private bank accounts is a practice that undermines citizen’s faith in the legal profession” ~ Judge Fines Foreclosure Law Firm $1.8 Million for Bogus Billings Hopp Law Firm found to have over-charged consumers for title policies A Denver judge has fined one of the city’s prolific foreclosure … Read more