Wells Fargo facing new backlash over alleged fraudulent accounts



Wells Fargo has faced steep fines in the past for accounts opened without customers’ consent. Now, there are new claims of imposters setting up accounts in what appears to be a case of synthetic identity fraud. Wells Fargo says the allegations against the bank are “without merit.” NBC News’ Erin McLaughlin reports.

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31 comments

  1. who cares when the repubs take over this will be common place get use to it u mean nothing it is trumps world now folks unless u all stand up now

  2. We just opened a account with them because of convenience
    Time too close it out

  3. Wells Fargo knows what they are doing! This was not an accident. They are thieves. Wells Fargo is a horrible bank!

  4. Please bow your head and pray this prayer now 🙏
    "CREATOR OF THE UNIVERSE, LORD GOD,
    Please help me against evil and all who favor it. Thank you for everything CREATOR OF THE UNIVERSE, LORD GOD. Amen."

    if you cannot look and remember the words, pray them as you read them 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

  5. NBC and bank corrupt!!!!

  6. No one dumb enough to use this corrupt bank! They charge fees for everything 😂😂😂😂

  7. earlywarning is a subscription based website, they are not free.

  8. This is big problems here canada big bank is well know is just keep secret pure simple.this happen to me in 2003 I think will get worse until huge fine start.

  9. Regulations are woke, so just accept the kleptomania. 😊

  10. Wouldn’t this been prevented if he locked his account from the 3 credit bureaus? (Experian, equifax and TransUnion)

  11. Back in 2012 I went to open an account with them and they wanted me to open five different account with them and I ask why they say that how it is at Wells Fargo. Soon I started to notice money take out of my account like 5 dollars or 2 and when I ask why is money being taken out, they say it the fee for the account. After that I closed all my accounts and never bank with them again. I soon found out why they wanted me to open five accounts, my sister is a bank manager and she told me some banks wants their teller to open certain amounts of accounts by the end of the month or they can get in trouble. Never bank with Wells Fargo.

  12. Wells Fargo has had several huge fraudulent scams the past few years, I'd never bank there.

  13. Cant be fraud, if this bank continues business as usual…

  14. *️⃣9️⃣1️⃣1️⃣📝

  15. I don’t get why people still bank with them. They had an embezzlement scandal in the 80s, they targeted Black and Hispanics into high-cost subprime loans, sold risky mortgage-backed securities, giving loans to applicants who did not qualify, inflated premiums on forced-place insurance, they illegally opened over 1.5 million checking and savings accounts and 500,000 credit cards on behalf of customers without their consent, they overcharged homeowners for appraisals after they defaulted on their mortgage loans, scammed millions of auto-loan customers into buying insurance, they imposed excessive overdraft fees on checking-account customers, committed improper foreclosure practices, and did other fraudulent things.

  16. I used to USE Wells Fargo. I got more out of them than they ever got out of me. When a bank is than corrupt they're easy to dupe. They won't report losses they just write it off. It's all fake fiat money.

  17. A few years ago, while checking my credit report, I found a Wells Fargo credit card opened in my name. I've never bank with them, nor applied for any card with them. They refuse to close the account, and it still shows up on my credit report.

  18. Banks have no security. Bitcoin is safer.

  19. My account was hacked into and so far Wells Fargo will not reimburse my 9k .. my account was hijacked.

  20. With the rise of AI, more and more frauds will occur, it's just a matter of time when it gets you

  21. Capitalism never fails to disappoint me,nothing will happen to them unfortunately the monopoly liberal bourgeois capitalists class always protect evildoers and they encourage people's to commit evil acts…

  22. I guess this is why they are shutting down some of their branches. Atleast in the city i love with they closed 3 branches i think.