Tags » Bank Fraud

Lawmakers Question Wells CEO On Sale Of Bank Stock

WASHINGTON (AP) — Angry lawmakers heaped another round of blistering criticism on Wells Fargo’s CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed. 989 more words


CHAIN OF NOTHING: Wells Fargo Fraud Is Causing the Curtain to Fall Revealing Fraud in Foreclosures and Ultimately Mortgage Bonds

“Defendant Wells Fargo’s deceptive and intentional conduct displayed a complete and total disregard for the rights” of the couple, wrote Judge Elliott, a circuit judge in the 43rd Judicial District of Missouri.

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Senate calls Stumpf to account for bogus accounts

America’s least favorite banker du jour, Wells Fargo chief John Stumpf, is slated to appear in front of a Senate banking committee on Tuesday to “explain” how his bank did not know about the 5,200 employees that he fired were ripping off customers. 191 more words


Boone's guilty plea does not look good for Burfoot

NORFOLK, Va. (WAVY) — Ronnie Boone pleading guilty in federal court to bribing Anthony Burfoot does not look good for the Norfolk city treasurer, who is already facing federal corruption charges… 717 more words

Local News

Toronto-area bank manager charged after TD Bank defrauded of close to $1M: police

A 30-year-old bank manager has been charged after police said he defrauded the Toronto-Dominion Bank of close to $1 million during a six-year span.

Toronto police said Duane Sahadeo worked in the Trade Support Group of TD Securities and fraudulently obtained money through “improper requests for TD bank drafts.” 109 more words


The real reason why the Wells Fargo scandal should scare you...


It’s not hackers breaking into your bank account that should scare you; it’s the banks themselves. Details are now surfacing about more than 1.5 million unauthorized Wells Fargo bank and credit card accounts created on behalf of unwitting customers by bank employees hoping to cash in on new account bonuses. 561 more words