Suit: Wells Fargo targeted ‘undocumented immigrants’ for accounts

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Suit: Wells Fargo targeted ‘undocumented immigrants’ for accounts

Suit: Wells Fargo targeted ‘undocumented immigrants’ for accounts

SF CHRONICLE-

Wells Fargo branches across the country deliberately targeted “undocumented immigrants” to open savings and checking accounts in order to meet aggressive sales goals, according to court documents.

In sworn declarations obtained by Burlingame plaintiff’s attorney Joseph Cotchett, former employees describe a scheme in which Spanish-speaking colleagues would visit places they knew were frequented by immigrants (including construction sites and a 7-Eleven), drive them to a branch and persuade them to open an account. Some employees would give the immigrants $10 apiece to start an account. The events described in the declaration go back a decade.

 “The conduct we have come up with is scandalous,” Cotchett said. “It’s outrageous to think that regulators let the bank get away with this.”

[SF CHRONICLE]

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One Response to “Suit: Wells Fargo targeted ‘undocumented immigrants’ for accounts”

  1. “Kareem Salessi 5-7-17”

    “Salessi_Weapons_of_Mass_Disclosure” (“Salessi_WMD”)

    Untraceable account owners are the best conduit of drug money laundering!

    El Chapo Guzman, Mexico’s top NARO-boss has also been snatched and brought here to USA probably because he stopped laundering drug money into US crime banks, as against his top-boss orders in USA.

    A couple of decades ago, General Noriega of Panama faced somewhat of a similar fate once he stopped taking orders from his then US drug bosses.

    More on “Wells Fargo Drug Cartel” criminal operations under this comment:
    “NOTICE TO COURTS ACROSS THE UNITED STATES;”

    http://stopforeclosurefraud.com/2015/11/08/u-s-trustee-program-reaches-81-6-million-settlement-with-wells-fargo-bank-n-a-to-protect-homeowners-in-bankruptcy/#comment-514943

    Thank you for posting this comment.
    “Kareem Salessi 5/7/17”

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