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Online Critics Decry Even More Wells Fargo Fraud Scandals (boingboing.net)

On Saturday author/blogger Cory Doctorow launched a new barrage of criticism towards Wells Fargo: It's been a whole day since we learned about another example of systematic, widespread fraud by America's largest bank Wells Fargo (ripping off small merchants with credit card fees), so it's definitely time to learn about another one: scamming mortgage borrowers out of $43/month for an unrequested and pointless "home warranty service" from American Home Shield, a billion-dollar scam-factory that considers you a customer if you throw away its junk-mail instead of ticking the "no" box and sending it back.

$43/month gets you pretty much nothing: people who tried to actually use their AHS insurance found it impossible to get them to actually do anything in exchange for this money. Here's a quick Wells Fargo fraud scorecard: stealing thousand of cars with fraudulent repos; defrauding mortgage borrowers; blackballing whistelblowers; creating 2,000,000+ fraudulent accounts, and stealing millions with fraudulent fees and penalties.

Life Pro Tip: if you don't like banks, join a credit union.

4 of 213 comments (clear)

  1. Re:Negative agreements aren't legal in some places by skovnymfe · · Score: 4, Funny

    There’s no point in acting surprised about it. All the planning charts and demolition orders have been on display at your local planning department in Alpha Centauri for 50 of your Earth years, so you’ve had plenty of time to lodge any formal complaint and it’s far too late to start making a fuss about it now What do you mean you’ve never been to Alpha Centauri? Oh, for heaven’s sake, mankind, it’s only four light years away, you know. I’m sorry, but if you can’t be bothered to take an interest in local affairs, that’s your own lookout. Energize the demolition beams.

    I'm not entirely sure how this quote applies to the situation described in the article, but if we make the effort I'm sure we can find a way.

  2. Re:Negative agreements aren't legal in some places by Orphis · · Score: 4, Funny

    Where is it legal? Asking for a friend and his company with the amazing monthly paper clip delivery service that's just $999 a month.

  3. Re: Negative agreements aren't legal in some place by mwvdlee · · Score: 3, Funny

    Trump speeches sound like Vogon poetry.

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  4. Re: Negative agreements aren't legal in some place by skovnymfe · · Score: 4, Funny

    Oh freddled covfefe,

    Thy micturations are to me,

    As plurdled gabbleblotchits,

    On a lurgid bee,

    ...