Yesterday, September 23, 2024, the union that represents the employees of Wells Fargo released a statement regarding the death of Wells Fargo employee Denise Prudhomme. Prudhomme died at her desk in August 2024 at the Wells Fargo office in Tempe, AZ and wasn't discovered for four days. — Read the rest
A 60-year-old woman who works at Wells Fargo in Arizona died on the job while sitting in her cubicle last week. But, sadly, nobody in the building noticed until four days later.
The employee, Denise Prudhomme, had entered the Tempe Wells Fargo corporate offices around 7:00am on Friday, August 16th. — Read the rest
This is a tragic and terrible event. On August 16 at 7 a.m., a 60-year-old woman named Denise Prudhomme clocked into her job at a Wells Fargo corporate office in Tempe, Arizona. Four days later, on August 20, building security found her at her desk, unresponsive, and called Tempe Police, who confirmed her death. — Read the rest
Analysts at Wells Fargo bought 75 Chipotle Burrito Bowls from eight different locations and confirmed what we all know to be true: The weight "varied widely."
"Some locations served bowls that weighed about 33% more than other locations, the firm said, noting that they were the exact same order," reports Quartz who examined the Wells Fargo memo detailing the findings. — Read the rest
Picture this: you go to bed with a decent chunk of money in your bank account and wake up to discover that $45,678 has gone missing. Then, your bank tells you, "Sorry, not our problem." Welcome to John Pollard's life, which turned into a nightmare after Wells Fargo refused to refund the massive sum stolen in one fraudulent transaction. — Read the rest
Wells Fargo is up to its old tricks again. A customer named Nate returned from a wedding in Mexico to find a whopping $1,500 fraudulent charge on his credit card, as reported by Seth Kugel in The New York Times. — Read the rest
The entire situation is baffling, however, I guess Wells Fargo is no surprise? A passenger on an Air India flight from New York to Delhi suffered unimaginable offenses, and terrible support by the airlines as a Wells Fargo employee did what Wells Fargo does and pissed all over her. — Read the rest
"Many powerful companies that drive environmental injustice are also backers of the same police departments that tyrannize the very communities these corporate actors pollute," write the authors of a newly released investigation by the Public Accountability Initiative. The report is titled "Fossil Fuel Industry Pollutes Black & Brown Communities While Propping Up Racist Policing" and it's a damning indictment of corporate giants who protect their astronomical wealth by exploiting the vulnerable. — Read the rest
Last week, the Office of the Comptroller of the Currency handed down stiff penalties for John Stumpf (previously) who was CEO of Wells Fargo during its scandal-haunted decade, during which time it stole from rich people, poor people, veterans, active-service military personnel, homeowners, small businesses, etc, as well as 2,000,000 ordinary customers who had fraudulent accounts opened in their names in order to bleed them of transaction fees, sometimes at the expense of their good credit and even their financial solvency. — Read the rest
When John Stumpf (previously) was CEO of Wells Fargo, he oversaw a string of scandals including literally millions of acts of bank fraud, and still managed to walk out of the business with millions in bonuses and no criminal prosecutions.
Wells Fargo is America's largest bank and it also leads the nation's banks for scandals, having stolen from rich people, poor people, veterans, active-service military personnel, homeowners, small businesses, etc, as well as 2,000,000 ordinary customers who had fraudulent accounts opened in their names in order to bleed them of transaction fees, sometimes at the expense of their good credit and even their financial solvency.
According to Wells Fargo, a "computer glitch" caused the improper denial of 870 loan modification requests, which led to 545 foreclosures in which Wells Fargo customers lost their homes; the bank is now offering those former homeowners — some of whom saw the breakup of their marriages as the result of the stress of foreclosure — insultingly small sums, like $25,000.
Wells Fargo has asked a court to block a shareholder lawsuit that seeks to punish the company for lying when it promised to promptly and completely disclose any new scandals; Wells Fargo claims that the promise was obvious "puffery," a legal concept the FTC has allowed to develop in which companies can be excused for making false claims if it should be obvious that they are lying (as when a company promises that they make "the best-tasting juice in America).
Wells Fargo is America's most scandal-haunted bank, which is quite an accomplishment in a heavily competitive field; now the bank has started closing its branches and cutting jobs (after pressuring employees to commit mass fraud on pain of being fired and blacklisted from the industry).
Nikki Fried is a Florida Democrat running to be the state's agriculture commissioner. Medical marijuana is legal in Florida, but when Fried said she was going to accept campaign contributions from the medical marijuana industry, Wells Fargo terminated her account.
From The Washington Post:
At a news conference on Monday, Fried said that "Wells Fargo's actions against my campaign are emblematic of what is wrong with our government and politics today," adding that she was "kicked out of a bank for voicing support of a law that is literally codified in the Florida constitution."
— Read the rest
In its latest round of shareholder disclosures, Wells Fargo admitted that it "unnecessarily foreclosed" on 400-odd householders (that is, stole their houses) and failed to grant loan modifications to 625 qualified borrowers (this is just the latest revelation about Wells Fargo stealing houses); it's also being investigated for its practice of purchasing low-income housing credits. — Read the rest
Last week, Wells Fargo defiantly announced that it would not follow its competitors' examples and cease lending to gun manufacturers; this week, the American Federation of Teachers dropped Wells Fargo as the preferred mortgage lender for its 1.7 million members.
Wells Fargo defrauded 800,000 car loan borrowers, forcing 274,000 of them into bankruptcy and stealing ("wrongfully repossessing") 25,000 cars; they also ripped off mortgage borrowers by failing to send them their paperwork until after the deadline for filing it and then fining them for not filing it on time.
Wells Fargo, America's dirtiest bank, has proudly announced that it will continue to lend money to gun manufacturers, unlike its competitors at Citi and Bank of America.
When you look at the list of people that Wells Fargo stole from — ordinary depositors, struggling mortgage borrowers, 800,000 car loan borrowers, mom and pop businesses, medium businesses and home owners — a commonality emerges: they're all poor people, or middle-class people, or slightly rich people.