Bitcoin Forum
July 22, 2018, 04:51:27 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Wells Fargo Fined for $150Million  (Read 255 times)
BitLinkInvestments
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
September 09, 2016, 06:21:53 PM
 #1

So yesterday I was reading this news article about how Wells Fargo was creating fake credit cards under already registered customers.  They were fined for $150Million and received a ton of negative publicity.  Do you think this could be the beginning of bank bail outs?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1532278288
Hero Member
*
Offline Offline

Posts: 1532278288

View Profile Personal Message (Offline)

Ignore
1532278288
Reply with quote  #2

1532278288
Report to moderator
1532278288
Hero Member
*
Offline Offline

Posts: 1532278288

View Profile Personal Message (Offline)

Ignore
1532278288
Reply with quote  #2

1532278288
Report to moderator
The Pharmacist
Legendary
*
Offline Offline

Activity: 1218
Merit: 1466



View Profile
September 09, 2016, 06:24:38 PM
 #2

Bank bailouts of what?  150 mil is not a lot for a bank with earnings in the billions.  Not sure what you're asking here.

HabBear
Hero Member
*****
Offline Offline

Activity: 798
Merit: 595


View Profile
September 09, 2016, 06:25:31 PM
 #3

No.

$150M is nothing to these banks. It won't have a significant impact on their financial health...and more importantly, the issue is isolated to fraud committed by Wells Fargo neighborhood bankers. It's not an issue that applies to other banks. The news mentioned that Wells Fargo has been firing people for these offenses over the last several years (totaling 5300 fired). So it's not like some mass exodus of their people will happen now either.

If you bank at Wells Fargo, make sure you didn't get victimized by the fraud.

If you don't, feel good that you don't bank with people that are willing to commit fraud against the regular folks!

amacar2
Legendary
*
Offline Offline

Activity: 1092
Merit: 1003


Varanida : Fair & Transparent Digital Ecosystem


View Profile
September 09, 2016, 06:26:20 PM
 #4

Could you please share the source to that article?
It sound quite intresting, banks doing carding just like hackers/carders. lol

iBuilding A Better Interneti
━━━━━━━━━━━━━━━━━━━━ ━━━━━━━━━━━━━━━━━━━━

 
 █b
▐█=
║█
██                                         ¡▄▄▄▄▄▄▄▄┌
██M                                  ╒▄▄▄▄█▀    ▂▂ ╙▀▀▆▄
██▌                                ╓, ,██╨      ▀▀▀    ╜▀█▌
███                                ▀▀██╙     ▄▄▄▄▄      ╓█L
█ █▌                            ▄▄▄▄█▀          └▀▀▀▀█Φ█▀"
█▌ █▄                            ██▀           ▄█▀
▐▌  ▀▌                       ▀▄██▀            ▄▀
▐█     ▂▂▂                ▄  ▄█▀           ▄▄▀
 █▌  ╙▀▀▀▀▀█▄         ▄   ███▀     ▁▂▃▄▄▄█▀▀
  █▄        █▌    █▄  ██▄█▀        ▔▔╙▀▐█
   █▄       █▌ ▀▀████▀▀▀               ▐▌
    ▀█     █▀                          ▐▌
     ╙█▄  ▄▌                        ╓█ ▐█
       └▀██  ╓▄▄µ╓▄▄µ            ,▄█▀┘  █▌    ▄▄ ╓▄▄µ
         ██▄█▀▀███▀▀█▄       ╓▄▄█▀▀      ▀█▄█▀▀▀██▄╙▀█▄▄
          ▀╙    ▀▀▀  ▀▀▀  ▀▀▀▀╙           `      "▀▀  └╙
You Can See Me Now, Hi :}
VARANIDA

 
 
 
 
               ▄██   ▄███▄
              ▄███████  ██
              ██    ▀████▀
             ██
  ▄▄  ▄▄█████████████▄▄  ▄▄
▄███████████████████████████▄
█████████████████████████████
▀███████    █████    ███████▀
  ▀█████    █████    █████▀
   ███████████████████████
    █████▄  ▀▀▀▀▀  ▄█████
     ▀█████▄▄▄▄▄▄▄█████▀
        ▀▀█████████▀▀
|Hello Again
GWhitePaperG
GAnn ThreadG
HabBear
Hero Member
*****
Offline Offline

Activity: 798
Merit: 595


View Profile
September 09, 2016, 06:29:01 PM
 #5

Could you please share the source to that article?
It sound quite intresting, banks doing carding just like hackers/carders. lol

https://www.yahoo.com/news/wells-fargo-co-created-fake-141953798.html

I think the news just broke just yesterday. It's not that interesting. Neighborhood bankers were opening fake accounts and messing with people's money so they could earn a few more dollars in bonus or pay. And we're not talking about Investment Banker bonuses, we're talking a couple hundred or couple thousand dollars.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!