RMN is Reader Supported
Our Goal for MAY 6 - JUN 5:
$1,650
Click Widget or Click Here to contribute.
Checks & Money Orders:
Raye Allan Smith
P.O. Box 95
Ashtabula, OH 44005
Users Online: 44
Who Founded
RMNews?
Dewitt Jones' Video
"Celebrate What's Right With The World"
"When the Starships Fly!"
Listen at YouTube
The
Theme for The Obergon Chronicles
Listen at YouTube
The Obergon Chronicles ebook
RUMOR MILL NEWS RADIO
CGI ROOM Common Ground Independent Media
WHAT ARE THE FACTIONS?
THE AMAZING RAYELAN ALLAN
BIORHYTHMS
LOTTO PICKS
OTHER WAYS TO DONATE
RUMOR MILL NEWS AGENTS WHO'VE BEEN INTERVIEWED ON RUMOR MILL NEWS
RADIO ______________
NOVEMBER 2008
Kevin Courtois - Kcbjedi
______________
Dr Robin Falkov
______________
Melinda Pillsbury Hr1
Melinda Pillsbury Hr2
______________
Daneen Peterson
______________
Daneen Peterson
______________
Disclosure Hr1
Disclosure Hr2
______________
Scribe
______________
in_PHI_nitti
______________
Jasmine Hr1
Jasmine Hr2
______________
Tom Chittum Hr1
Tom Chittum Hr2
______________
Kevin Courtois
______________
Dr Syberlux
______________
Gary Larrabee Hr1
Gary Larrabee Hr2
______________
Kevin Courtois
______________
Pravdaseeker Hr1
Pravdaseeker Hr2
______________
DECEMBER 2008
Tom Chittum
______________
Crystal River
______________
Stewart Swerdlow Hr1
Stewart Swerdlow Hr2
______________
Janet Swerdlow Hr1
Janet Swerdlow Hr2
______________
Dr. Robin Falkov Hr1
Dr. Robin Falkov Hr2
Dr. Robin Falkov Hr3
JANUARY 2009
______________
Patriotlad
______________
Patriotlad
______________
Crystal River
______________
Patriotlad
______________
Dr. Robin Falcov
______________
Patriotlad
FEBRUARY 2009
|
Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies,
Spirituality, Home Schooling, Home Mortgages and more, in:
The Rumor Mill News Reading Room
Wells Fargo Accused of Scam Involving Racketeering, Synthetic Identity Fraud
Posted By: NightSky Date: Thursday, 10-Aug-2023 11:54:02
www.rumormill.news/227358
In Response To: De-Banked: It’s Only A Matter Of Time Before It Happens To You (NightSky)
By Bianca Gonzalez
Wells Fargo has been hit with a putative class action alleging that they worked with a credit reporting agency that they co-own to use fake and real personal-identification information to open unauthorized accounts, according to The Mercury News.
The bank is accused of violating United States anti-racketeering laws.
Bernard Patterson, a forensic accountant and certified fraud examiner, filed the lawsuit this month, accusing Wells Fargo of creating thousands of fraudulent accounts after he began receiving a checking account statement from the bank despite his having never done business with the company.
Patterson’s account was made using his real name and social-security number in combination with fake driver’s license data and a false birth date, according to the lawsuit. Mixing real but stolen identity data with manufactured data to carry out fraud is known as synthetic identity fraud. After opening the allegedly fraudulent accounts, Wells Fargo could obtain confidential information from credit reporting and risk management agency Early Warning.
The lawsuit alleges that the bank laundered money, using the accounts to secretly process the transfer of electronic funds. It further alleges Early Warning provided fraudulent identity verification to give the accounts the appearance of validity. Wells Fargo and Early Warning deny the claims.
Wells Fargo has had biometric authentication apps available for corporate clients since 2016. It was fined $3 billion in 2020 for creating millions of fake accounts to generate millions of dollars in fees and interest.
With scams growing more complex and frequent, over two-thirds of consumers believe their data is either not secure or “somewhat secure.”
Synthetic identity fraud is one of the fastest growing financial crimes in the world, with 68 percent of surveyed businesses reporting a year-to-year increase in occurrences, according to the Global State of Digital Identity 2023 report from GBG.
|
Read More
If you enjoyed this article,
Please consider a monthly subscription to Rumor Mill News!!
RMN is an RA production.
Articles In This Thread
|
The only pay your RMN moderators receive comes from ads.
If you're using an ad blocker, please consider putting RMN in your ad blocker's whitelist.
Serving Truth and Freedom
Worldwide since 1996
Politically Incorrect News
Stranger than Fiction
Usually True!
Click Widget or Click Here to contribute.
^
AGENTS WEBPAGES
Provided free to RMN Agents
^
AGENTS WEBPAGES
Provided free to RMN Agents
|