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Wells Fargo's fraud shame: Leaked audio transcript claims to show shocking moment bank employee gave away customer's $100,000 life savings

How's that outsourcing going?

Wells Fargo's fraud shame: Leaked audio transcript claims to show shocking moment bank employee gave away customer's $100,000 life savings to cruel crooks after just TEN-MINUTE phone call

https://www.dailymail.co.uk/yourmoney/wells-fargo/article-13105777/Wells-Fargos-fraud-transcript.html

Leaked audio transcripts claim to reveal the moment a Wells Fargo employee allowed fraudsters to steal $100,000 of their customer's money in less than ten minutes.

Victim A----- F-------, 59, was contacted by criminals posing as the bank's fraud department who tricked her into handing over her personal information that they then used to gain access to her account.

But recordings unveiled in a new lawsuit - seen by DailyMail.com - document a phone call where a Wells Fargo employee allegedly bypasses the firm's own anti-fraud measures to allow the scammers to transfer F------' lifesavings.

In the call, the staff member is said to acknowledge it is an 'unusual amount of money' which is why 'the account has been flagged.' The mother-of-one has not received a refund from the bank beyond an offer of a $50 'courtesy credit.'

It is the second lawsuit to come to light this month accusing Wells Fargo's security measures of not being fit for purpose. The former case centers around 35-year-old T------------- M--------- who lost $30,000 in an eerily similar rouse to F-----.

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| 1713 views | | 11 replies (last March 3, 2024) | Reply
Post ID: @OP+1rlabz8O

11 replies (most recent on top)

Uh oh, they called it “the firm”!…the crazy guy will be here any moment lol

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Post ID: @1cyd+1rlabz8O

@1blr not even close to true.

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Post ID: @1cqk+1rlabz8O

@gbs more like overseas

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Post ID: @1blr+1rlabz8O

As the saying goes…there is never just one cockroach!

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Post ID: @1xyj+1rlabz8O

JPMC had a similar scenario … it’s hard to protect against fraud when the customers willingly give away their passcodes. It’s like giving your key to a criminal then blaming the door marker that their lock su-ks.

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Post ID: @1klw+1rlabz8O

If I were a criminal I would focus all my efforts on Wells Fargo. A persistent fraudster with a minimal IQ could take advantage all day every day.

Regarding the customer service person - Wells Fargo puts so much pressure on them to get excellent scores from customer surveys, that I almost don't blame them for how they handled the call. Especially if they are poor in India and need their job.

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Post ID: @1jeg+1rlabz8O

Who wants to bet the bank will deny any responsibility and blame the customer?

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Post ID: @bpe+1rlabz8O

How can a fraudulent bank with an asset cap and consent decrees have fraud measures? I can't fathom trusting a firm like wells Fargo. So.
Shut it down....

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Post ID: @wii+1rlabz8O

I’m sure the fraud investigator hayseeds in Charlotte are proud of this one…

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Post ID: @rck+1rlabz8O

Wow. Goes to show they’re getting what they pay for with call centers in flyover states.

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Post ID: @gbs+1rlabz8O

More bad press....

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Post ID: @sre+1rlabz8O

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