Friday, October 2, 2009

Wells Fartgo may have lost woman's money

After Wells Fargo's repeated harassing phone calls to me (even though I've never been a customer), the banking giant deserves to be exposed for everything it's worth.

Now it appears that Wells Fartgo may have lost a Phoenix woman's money.

The woman purchased a certificate of deposit some years back that would now be worth over $100,000. But in the meantime, her bank was sold repeatedly - and now it's owned by Wells Fargo.

And Wells Fargo won't cash her certificate because the bank has lost its records of it - and Wells Fargo refuses to look for the missing money.

The woman worked hard for years only to have her bank lose most of her money?

Why do I suspect this loss happened under Wells Fargo's watch? Because Wells Fargo's name also comes up in a similar case involving another Arizona customer.

In that case, a couple purchased a certificate in 1980, which should now be worth about $400,000. Since 1980, their bank has changed hands and was owned by Wells Fargo at one point. This couple's money is also missing.

Maybe Wells Forgot ought to use some of that bailout dough it got to repay the customers whose money mysteriously vanished.

(Source: http://www.kpho.com/money/21167164/detail.html)

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