The Federal Reserve has concluded its investigation into Wells Fargo’s decades’ long practice of pressuring employees to open fraudulent accounts in the names of its customers to inflate its quarterly figures and rack up service charges.
The Fed has capped Wells Fargo’s capital growth, meaning the bank can’t grow, until the FedRead More
It’s been seven years since I started following Ken “Popehat” White’s relentless pursuit of a con artist who sent his company a fake invoice.
Finally, the fraudster has received a 108 month federal prison sentence with no chance of parole until he has served at least85% of that.
White puts thisRead More
It’s been a whole day since we learned about another example of systematic, widespread fraud by America’s largest bank Wells Fargo (ripping off small merchants with credit card fees), so it’s definitely time to learn about another one: scamming mortgage borrowers out of $43/month for an unrequested and pointless “home warranty service” from AmericanRead More
I’ve long thought that online crowdfunding campaigns were ripe for fraudulent activity. Drum up a decent sob story (or rip one off from the headlines) and you too can have strangers sending you money you don’t deserve.
Well, for just over a year now, Adrienne Gonzalez of Richmond, Virginia has been tracking GoFundMeRead More