Wells Fargo opened accounts for you, then charged you fees. Brilliant Joo move.

[ximmy]

On Thursday, Wells Fargo was fined $185 million, (including a $100 million penalty from the Consumer Financial Protection Bureau, the largest penalty the agency has ever issued) for engaging in pervasive fraud over the years which included opening credit cards secretly without a customer’s consent, creating fake email accounts to sign up customers for online banking services, and forcing customers to accumulate late fees on accounts they never even knew they had. Regulators said such illegal sales practices had been going on since at least 2011.
In all,

Wells opened 1.5 million bank accounts and “applied” for 565,000 credit cards that were not authorized by their customers.

The CFPB described this practice as “widespread” and led to customers being charged for insufficient funds or overdraft fees, because the money was not in their original accounts. Additionally, Wells Fargo employees also submitted applications for 565,443 credit card accounts without their knowledge or consent, the CFPB said the analysis found. Many customers who had unauthorized credit cards opened in their names were hit by annual fees, interest charges and other fees.

http://www.thedailysheeple.com/massive-fraud-wells-fargo-fined-185-million-fires-5300-for-creating-2-million-fake-accounts_092016

[madfranks]

I'm not surprised. My wife used to work for Comcast and she told me that employees would regularly open up accounts for people without their knowledge, to set up service and collect the commission, then close the accounts later, hoping the account holders wouldn't notice the activity on their statements.

[Twisted Titan]

Wells Fargo is just like Smith Barney.

They made their money the old fashion way.

THEY STEAL IT!!!!

[Joshua01]

Wells Fargo is just like Smith Barney.

They made their money the old fashion way.

THEY STEAL IT!!!!

And now they must put every dollar back!!!

[madfranks]

Also, as long as we're on this topic, back when I used to work as a pizza delivery guy, I knew it was super common for drivers to add tip money to credit card orders without customer knowledge; as in, if the order was $23.72 and the customer wrote a $3 tip on the receipt, the driver would go back to the shop and actually add $5 to the order instead of $3 (to get an extra $2) and hope the customer would never check their CC statements and notice the additional couple bucks.

Honestly, people have been figuring out crafty ways to steal from each other since the beginning of time, it's just that the Jews have perfected the art of covert theft to a degree never before seen.

[crimethink]

Wells Fargo should suffer corporate death (cancellation of charter) for such a criminal racket.

Or, at least the same penalty you or I would suffer for such fraud - several years in cage. Prohibit WF from doing business for that amount of time. $185 million in fines? LOL.