- Report: #560310
Complaint Review: Wells Fargo Bank - SAN FRANCISCO California
Reported By:
Rajden -
Glendale, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Wells Fargo Bank
303 2ND STREET SAN FRANCISCO, 94107 California, United States of America
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Wells Fargo Bank THE BRANCH OF WELLS FARGO BANK IN NORTHRIDGE CALIFORNIA SAN FRANCISCO, California
About a month ago, Chase Bank informed me that my CD has matured and if I decide to renew it for another year, the interest rate will be 0.25 % ! I refused to accept my CDS renewal, because American Express had advertised an interest rate of more than 1.5 %. So I decided to transfer some $50,000.00 from my Chase account to American Express for deposit in a new CD.
To my surprise, American Express refused to accept opening a CD account for me!
The reason American Express refused to open an account for me was a credit report that they received from ChexSystems. I immediately contacted ChexSystems and requested a copy of my credit report that they had given to American Express. I received a copy of their report on 01/14/2010.
To my surprise, I noticed that Wells Fargo Bank had reported to ChexSystems, without informing me, that on 11/18/2005 they had charged off $17,801.00 because of my Well Fargos ACCOUNT ABUSE !!! Very funny indeed.
Here is the whole true story:
1- I retired from California State University Mathematics Department in mid 1955. So I was looking for a part-time job
2- I got a job from Britwork Arts and Craft Company based in London England to be their representative in the USA and Canada
3- A well known customer of Wells Fargo in California, WF Taylor Co, Inc, purchased an artwork from
Britwork Arts and Craft company for $19,650.00 and gave me, as sellers representative, a Wells Fargo
Check # 72106 that I deposited on September 12 in my Wells Fargo checking account. A hold was
placed on my deposit until its clearance
4- On September 16, I received a call from Wells Fargo that the check has been cleared.
5- Per my employer instruction I wire transferred $17,635.00 to Japan and left the balance in my account.
I copied these transaction from Wells Fargos statement on the Internet.
6- After completion of the above transactions, I received a letter from Wells Fargo Bank that Taylors
check #72106 has bounced, asking me to refund $17,635.00 that was wire transferred to Japan???
7- I showed Wells Fargo their official copy of statements that the wire transfer took place in their own
bank after clearance of their own check. And told them that I was not responsible for that wire transfer.
8- Apparently, Wells Fargo knowing that it was their mistake and not mine, charged off $17,801 on
11/08/2005 without informing me and reported to ChexSystem that I had ABUSED MY ACCOUNT,
Confiscated my balance of $1,922.20 and closing illegally my checking account???
I informed several times that Wells Fargo should return to me the bounced check of Taylor company
So that I can send it to District Attorneys office for investigation. Wells Fargo refused my request all the
time to protect their well known customer.
If there is a good lawyer who would be willing to sue Wells Fargo Bank for their illegal activities that has caused me a lot of stress and financial hardship during the last 5 years, should contact me via email to: [email protected] for more detailed information and copies of all documents regarding:
a) loss of income, because Britwork Arts and Craft cancelled my employment
b) I was forced to sell my resident in 2005 because I was unable to pay my mortgage
c) I was not aware that Wells Fargo reported to ChexSystem that I have ABUSED MY ACCOUNT which was a complete lie.
d) Wells Fargo illegally closed my Well Fargo checking account and confiscated my balance of $1,922.20.
4 Updates & Rebuttals
Rajden B abayan
Glendale,California,
United States of America
Report # 560310
#2Author of original report
Wed, January 27, 2010
About a month ago, Chase Bank informed me that my CD has matured and if I decide to renew it for another year, the interest rate will be 0.25 % ! I refused to accept my CDS renewal, because American Express had advertised an interest rate of more than 1.5 %. So I decided to transfer some $50,000.00 from my Chase account to American Express for deposit in a new CD.
To my surprise, American Express refused to accept opening a CD account for me!
The reason American Express refused to open an account for me was a credit report that they received from ChexSystems. I immediately contacted ChexSystems and requested a copy of my credit report that they had given to American Express. I received a copy of their report on 01/14/2010.
To my surprise, I noticed that Wells Fargo Bank had reported to ChexSystems, without informing me, that on 11/18/2005 they had charged off $17,801.00 because of my Well Fargos ACCOUNT ABUSE !!! Very funny indeed.
Here is the whole true story:
1- I retired from California State University Mathematics Department in mid 1955. So I was looking for a
part-time job
2- I got a job from Britwork Arts and Craft Company based in London England to be their representative
in the USA and Canada
3- A well known customer of Wells Fargo in California, WF Taylor Co, Inc, purchased an artwork from
Britwork Arts and Craft company for $19,650.00 and gave me, as sellers representative, a Wells Fargo
Check # 72106 that I deposited on September 12 in my Wells Fargo checking account. A hold was
placed on my deposit until its clearance
4- On September 16, I received a call from Wells Fargo that the check has been cleared.
5- Per my employer instruction I wire transferred $17,635.00 to Japan and left the balance in my account.
I copied these transaction from Wells Fargos statement on the Internet.
6- After completion of the above transactions, I received a letter from Wells Fargo Bank that Taylors
check #72106 has bounced, asking me to refund $17,635.00 that was wire transferred to Japan???
7- I showed Wells Fargo their official copy of statements that the wire transfer took place in their own
bank after clearance of their own check. And told them that I was not responsible for that wire transfer.
8- Apparently, Wells Fargo knowing that it was their mistake and not mine, charged off $17,801 on
11/08/2005 without informing me and reported to ChexSystem that I had ABUSED MY ACCOUNT,
Confiscated my balance of $1,922.20 and closing illegally my checking account???
I informed several times that Wells Fargo should return to me the bounced check of Taylor company
So that I can send it to District Attorneys office for investigation. Wells Fargo refused my request all the
time to protect their well known customer.
If there is a good lawyer who would be willing to sue Wells Fargo Bank for their illegal activities that has caused me a lot of stress and financial hardship during the last 5 years, should contact me via email to: [email protected] for more detailed information and copies of all documents regarding:
a) loss of income, because Britwork Arts and Craft cancelled my employment
b) I was forced to sell my resident in 2005 because I was unable to pay my mortgage
c) I was not aware that Wells Fargo reported to ChexSystem that I have ABUSED MY ACCOUNT
which was a complete lie.
d) Wells Fargo illegally closed my Well Fargo checking account and confiscated my balance of $1,922.20.
Karl
highlands ranch,Colorado,
U.S.A.
***YOU MIGHT WANT TO CONTACT TURKO!!!
#3Consumer Comment
Tue, January 26, 2010
Michael Turko is an Investigative Reporter for a TV station in California.
Simply 'Google' this- TURKO POEM, and it should take you to that Ripoff Report where 3 Turko videos can be accessed from one of the comments posted there.
Or, you can 'Google' this- RIP OFF REPORT WELLS FARGO BANK- WELLS FARGO HOME MORTGAGE WELLS FARGO LIED, and that will take you to the Ripoff Report.
*********************************ALERT***********************************
*Anyone can 'Google' this- BROCK O'BOMB-A POEM, and read it, along with all the other poems posted there.
*And anyone can 'Google' this- STEAK DINNER POEM, and read the latest poem entitled- "MASSACHUSETTS ERECTION POEM", which was posted today, January 26th 2010. (It appears at the Bank of America page of this site.)
Thank You.
Robert
Irvine,California,
U.S.A.
Here is probably what happened.
#4Consumer Comment
Tue, January 26, 2010
I am sorry but you apparently got scammed and since you seem to be surprised a lot, don't be surprised if it is not by who you think. First a CheckSystems record was/is probably the least of your concerns.
This sounds like a common scam, and I have a feeling that a lot of this will sound very familar to you. When you got "hired" by this company they probably said that you need to deposit checks into your account because of some(made up) regulations. A lot of times they use reasons such as taxes, or transfer fees if they did it. They even make this very tempting telling you that your fee is some huge amount for very little "work". This is where they play on peoples greed and the feeling that they are getting "money for nothing".
Then at some point you get a check for something that they are "selling" so you deposit the money into your account. The check appears to be from a legitimate company in the US. The problem is that as you find out later it was not. Once you deposit the check there are government regulations that require a bank to make the funds available after a certain amount of time. It does not mean that the check has "cleared" or is legitimate. This can take days if not weeks, because it may take until the business reconciles their accounts at the end of the month to realize there is a bogus check.
These scams rely on this delay in having you wire money to a foreign country as soon as the money is available before you realize it. Unfortunately when the check does come back back since you are considered the "Holder in Due Course" YOU are responsible for the amount. Regardless of the bank you would be held responsible. If that money is already gone from your account you are basically up the creek unless you can come up with that money some other way.
I would bet that the company in London is fake or had no idea that their name was being used in this scam. The company in CA was again fake or they had no idea they were being used. And the people who were telling you to do all of this gave you fake name, addresses, and were actually doing all of this from Canada.
Now, if by some outside chance it was the real company you were working for and it was the real company who sent you the check. What the heck were you doing depositing that much money in YOUR account? In addition to that if the company bounced the check you should have gone after them in court for the damages they caused. At the very least you should have reported them to the DA directly, and let the DA deal with Wells Fargo to get the check.
Robert
Irvine,California,
U.S.A.
Here is probably what happened.
#5Consumer Comment
Tue, January 26, 2010
I am sorry but you apparently got scammed and since you seem to be surprised a lot, don't be surprised if it is not by who you think. First a CheckSystems record was/is probably the least of your concerns.
This sounds like a common scam, and I have a feeling that a lot of this will sound very familar to you. When you got "hired" by this company they probably said that you need to deposit checks into your account because of some(made up) regulations. A lot of times they use reasons such as taxes, or transfer fees if they did it. They even make this very tempting telling you that your fee is some huge amount for very little "work". This is where they play on peoples greed and the feeling that they are getting "money for nothing".
Then at some point you get a check for something that they are "selling" so you deposit the money into your account. The check appears to be from a legitimate company in the US. The problem is that as you find out later it was not. Once you deposit the check there are government regulations that require a bank to make the funds available after a certain amount of time. It does not mean that the check has "cleared" or is legitimate. This can take days if not weeks, because it may take until the business reconciles their accounts at the end of the month to realize there is a bogus check.
These scams rely on this delay in having you wire money to a foreign country as soon as the money is available before you realize it. Unfortunately when the check does come back back since you are considered the "Holder in Due Course" YOU are responsible for the amount. Regardless of the bank you would be held responsible. If that money is already gone from your account you are basically up the creek unless you can come up with that money some other way.
I would bet that the company in London is fake or had no idea that their name was being used in this scam. The company in CA was again fake or they had no idea they were being used. And the people who were telling you to do all of this gave you fake name, addresses, and were actually doing all of this from Canada.
Now, if by some outside chance it was the real company you were working for and it was the real company who sent you the check. What the heck were you doing depositing that much money in YOUR account? In addition to that if the company bounced the check you should have gone after them in court for the damages they caused. At the very least you should have reported them to the DA directly, and let the DA deal with Wells Fargo to get the check.
