Shock: Wells Fargo bank managers forge their customers' signatures to commit fraud, contends lawsuit

Sunday, September 22, 2013 by: J. D. Heyes
Tags: Wells Fargo, forgery, bank managers

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
BACK INTO THE CLOSET: Why U.S. reporters are not allowed to write about rainbow events in nations where being gay is still condemned
Depopulation test run? 75% of children who received vaccines in Mexican town now dead or hospitalized
A family destroyed: Six-month-old dies after clinic injects baby with 13 vaccines at once without mother's informed consent
INVESTIGATION: Three days before Dr. Bradstreet was found dead in a river, U.S. govt. agents raided his research facility to seize a breakthrough cancer treatment called GcMAF
BAM! Chipotle goes 100% non-GMO; flatly rejecting the biotech industry and its toxic food ingredients
BOMBSHELL: China and America already at war: Tianjin explosion carried out by Pentagon space weapon in retaliation for Yuan currency devaluation... Military helicopters now patrolling Beijing
ECONOMIC SLAVERY FOR ALL: While we were distracted with the Confederate flag flap, Congress quietly forfeited our entire economic future via fast-track trade authority
March Against Monsanto explodes globally... World citizens stage massive protests across 38 countries, 428 cities... mainstream media pretends it never happened
GMO crops totally banned in Russia... powerful nation blocks Monsanto's agricultural imperialism and mass poisoning of the population
SCOTUS same-sex marriage decision may have just legalized the concealed carry of loaded firearms across all 50 states, nullifying gun laws everywhere
Nearly every mass shooting in the last 20 years shares one surprising thing? and it's not guns
Vicious attack on Dr. Oz actually waged by biotech mafia; plot to destroy Oz launched after episode on glyphosate toxicity went viral
Holistic cancer treatment pioneer Dr. Nicholas Gonzalez dies suddenly; patients mourn the loss of a compassionate, innovative doctor who helped thousands heal from cancer
Pepsi drops aspartame from diet soda as consumers reject toxic sweetener
Bride of Frankenfood: Hillary Clinton pushes GMO agenda... hires Monsanto lobbyist... takes huge dollars from Monsanto
STATINS RED ALERT: Widely prescribed drugs act as cellular poisons that accelerate aging... deactivate DNA repair... promote diabetes, muscle fatigue and memory loss
Wild eyes and bowl cuts: Why do mass shooters always share the same hair styles and crazed zombie stares?
Mind control through emotional domination: How we're all being manipulated by the "crisis of the NOW"
(NaturalNews) A Wells Fargo Bank depositor has charged in a lawsuit that the institution forces its branch managers to meet quotas for new accounts and that they do so by forging customers' signatures on applications.

According to Courthouse News Service, the depositor, David E. Douglas, has filed suit against the bank and three managers and assistant managers in the Los Angeles Superior Court. Named in the suit were Michelle Romanoff, assistant manager of the bank's branch at La Cienega and Wilshire; Arthur Davis, branch manager at Century City; and Alex M. Fuentes, branch manager and assistant vice president of the Wilshire-Crescent branch.

In the suit, Douglas described himself as a "long-time valued customer" of the bank. He also said he recently learned that Wells Fargo "has had and continues to have a policy of requiring its employees and branch managers to meet a quota of opening new accounts monthly in order to achieve sales goals and in order to maintain their employment at Wells Fargo."

Signing up customers without their knowledge or consent

Given that corporate requirement, the bank "should have known that its employees and bank managers routinely use the account information, date of birth, and Social Security and taxpayer identification numbers of defendant Wells Fargo's existing bank customers to use the existing bank customers' money to open additional accounts in the existing customers' names without their knowledge or consent and by forging the signature of their existing customers without their knowledge or consent to open said additional accounts, including purported business accounts for businesses that do not exist," Douglas says in his suit.

The plaintiff also claims that the individual defendants opened at least eight accounts under his name, forging his signature each time on the applications, and all without his knowledge. In addition, the defendants made up businesses using his name, "including 'David E. Douglas Painting and Design' and 'David Douglas Landscaping,' when plaintiff had no such businesses and was not engaged in those types of businesses at all."

Douglas also claims that Fuentes transferred or tried to transfer money from his account to the account of Fuentes' mother - again, without his consent.

More from Courthouse News Service:

Douglas says that when [he] found out about the unauthorized accounts and money transfers, he contacted a fraud investigator at the bank's Beverly Hills branch. She assured him that Wells Fargo would "conduct a thorough investigation and make him whole," but he never heard back from her or anyone else at the bank, so he was forced to sue, Douglas says in the complaint.

No quotas here - nothing to see

The news site reported that lawyers for Wells Fargo have yet to see the lawsuit, according to spokesman Gary Kishner.

"As for our banking stores, I can tell you that our team members strive to provide customers with products and services that will help the customer succeed financially," he said in an email.

But of course, if Wells Fargo really does have a quota system, you wouldn't expect a spokesman to reveal that, would you?

In his suit, Douglas is seeking at least $25,000 in special, exemplary and punitive damages for unlawful business practices, fraud, negligence and negligent hiring practices.





Follow real-time breaking news headlines on
Wells Fargo at FETCH.news
Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...


Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.