Wells Fargo Behaving Badly

From the San Diego Bankruptcy Attorneys' blog we get this information:

Wells Fargo has an interesting corporate policy, and by “interesting” I mean to say “bordering on the criminally fraudulent.” If you have a regular checking account at Wells Fargo, and file for bankruptcy, the bank will freeze your assets — even if you don’t owe them a dime.

Much more information here.

If that's not bad enough, one branch of Wells steals money. EEEk. !!! A man deposited $10,000.00 in his daughter's account. Wells took the money out of his account then closed his daughter's account, saying that the check was fraudulent, even though they had the money. It took a local news station's involvement to get the money back.

An empty box

In Kentucky at least, big time trouble for, well, any bank that thinks that it holds a mortgage and anyone that thinks that they have invested in a CDO.

Veddy interesting: here's a deposition that discusses how some of that fraud happened. Hint: it involved making stuff up.

Foreclosure Mess Getting Interesting

Wells Fargo Mortgage Foreclosure invalid because Wells Fargo can't prove they own the Mortgage, if you happen to live in King County, NY. read the case here.

You might notice how annoyed the judge is, when you are at it.