Tag Archives | Wells Fargo

When the Bank Robs You: Wells Fargo Contractors Allegedly Stole Family Heirlooms Rescued From Nazis

The Adier family home after Wells Fargo contractors broke in, Morris Township, New Jersey. Photo: Courtesy of David Adier

The Adier family home after Wells Fargo contractors broke in, Morris Township, New Jersey. Photo: Courtesy of David Adier

David Dayen via The Intercept:

The few remaining defenders of the Obama administration’s failure to prosecute the executives who helped cause the 2008 financial crisis argue that the bankers’ actions were unethical but not criminal. President Obama himself has made this claim: “Some of the most damaging behavior on Wall Street … wasn’t illegal,” he told Steve Kroft on 60 Minutes in December 2011.

The president might want to take this up with David Adier, who says he was victimized by Wells Fargo breaking and entering into his family’s home in Morris Township, New Jersey, and then committing property damage and theft. Burglary is a felony subject to prison time — if anybody but a bank does it.

Adier’s case is doubly disturbing because of what was taken: items his father retrieved from his family’s apartment in France before fleeing the Nazis in 1940, including a Kiddush cup, a Seder plate and a sewing machine used by his grandmother.

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Whistle-Blowing Financial Website Screwed Over by Wells Fargo

Via ML-Implode:
ML-Implode.com discovered in the course of its normal banking activities that Wells Fargo had frozen its bank account with no warning. Upon inquiring at the local branch (which had no direct knowledge of the incident), it was discovered the account had been flagged “credit risk”, and slated to be immediately closed. These actions are more than slightly unusual because ML-Implode’s account was a plain checking account and was not an underwritten account. In fact, ML-Implode paid a monthly fee for the account, so Wells Fargo was certainly doing it no favors. While the site is effectively insolvent (due to the impact of multiple frivolous libel suits from corrupt mortgage, e.g. by the outlawed Grant America scheme) and thus typically had a minimal balance, there had been no problems with overdrafts and all charges and obligations were always dutifully covered...
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Occupy Protesters Attempt To Crash Wells Fargo Shareholder Meeting in San Francisco

Wells FargoThe police are ready for this. Good luck. Reports the AP via the Washington Post:
Police were guarding the entrance to the annual meeting of Wells Fargo shareholders on Tuesday as protesters associated with the Occupy Wall Street movement geared up to crash the gathering. Dozens of officers were stationed around the Merchant’s Exchange Building in the city’s Financial District in advance of the 1 p.m. meeting. Bank stockholders were asked to show certificates or other proof of ownership before being corralled past gates erected in front of the doors. Many of the early arrivals represented community groups from across the country that purchased Wells Fargo stock so they would have a say in the bank’s practices. Shareholder Mark Richmond, a 59-year-old Portland member of the group We Are Oregon, said he hoped he could voice his concerns specifically about predatory lending and home foreclosures. He said he expected some raucousness inside and outside the meeting.
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