In this video, I talk with author and economic analyst John Sneisen to talk about the latest example of fraud coming from none other than Wells Fargo. Yup, they're at it again!
Following not only the mortgage backed securities they were handing out eerily reminding people of the 2007 bubble burst, but the bank account fraud scandal they had to spend $142 million settling, Wells Fargo has now been caught committing fraud... AGAIN!
A new lawsuit shows Wells Fargo was charging people for insurance fraudulently and this is resulting in more than $80 million in refunds to 570,000 customers!
These are the types of schemes that perhaps a ten year old might think is a good idea, but obviously any sane person would think this to be insane!
This is racketeering! Wells Fargo charged hundreds of thousands of people for insurance they did not ask for and did not need, without letting them know! Over 20,000 of these people had their vehicle REPOSSESSED because of this scam!
And Wells Fargo didn't come out and admit their mistake by themselves, they were forced to due to articles coming out in the press. Who knows how long this story would have been hidden and how many more people would have been falsely charged if it weren't for the press!
A lawyer representing the plaintiffs in the latest lawsuit against Wells Fargo said the refunds aren't enough.
"Refunds don't address the fraud or inflated premiums, the delinquency charges, and the late fees," he added. "It will be up to a jury or court to decide the appropriate remedy."
One plaintiff says Wells Fargo charged him $598 for insurance though he repeatedly told the bank he had coverage from Allstate, and imposed a late fee after the unnecessary policy took effect. (According to a CNBC article on the case)
Of course Warren Buffet who loves Wells Fargo and has attempted to save their butt on a few occasions cannot be reached for comment.
See the FULL video report here:
Bankster and government market and monetary manipulation continues folks! Stay tuned as we continue to cover these insane stories! Don't forget to Upvote & Follow! :)
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Here is not just about the fraud. It's more like the brilliance of some people who have the brain and the courage to take from everyone without NO empathy! QED
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Once again! Absolutely too much.
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Hello my dear friend ❤️
I am following your account every day { 🙏🤝 }
@haji
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If you like the latest news happening in this world then do not forget follow @xiti, because it will update every day. Upvoted
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Good grief. Its like people are trying to screw you every chance they get and the onus is on you to not let it happen. This attitude is why I get 3-4 calls a day from NY and DC telling me the cops are gonna come arrest me if I don't pay the "IRS" whose agent speaks broken English.
Are they trying to collapse the dollar on purpose? Or are they just too greedy for their own good? I think the latter.
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Of course Wells Fargo is involved in another scam. Although just imagine, for every scam these big banks commit, goldman sachs is probably commiting 10 scams. I don't understand why people trust the big banks.
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Not surprising, really. One can hope that perhaps the legal action against this banking behemoth will take it down. But, the hope is not that great.
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