WaMu Gave Grandma's Money to Crooks
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New York Times Reporting on ICT
The article appeared on May 21, 2007.
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Wednesday, February 06, 2008
Wachovia: Worse Than Wamu
Charles Duhigg, author of last year's New York Times article on telemarketing scams, writes today about Wachovia's -- I want to say "egregious", but "gutter scum" is probably more accurate -- support of fraudulent telemarketers like the type I've written about here. From the article:
Stay classy, Wachovia.
Full article: Papers Show Wachovia Knew of Thefts
The lawsuit alleges that Wachovia accepted fraudulent, unsigned checks that withdrew funds from the accounts of victims, often elderly. Wachovia forwarded those checks to other banks that were unaware of the frauds, which in turn sent money to the swindlers.
Stay classy, Wachovia.
Full article: Papers Show Wachovia Knew of Thefts
Labels: wachovia