A former JPMorgan Chase employee in Columbus, Ohio is heading to federal prison for stealing thousands of dollars from customers – while emptying people’s pockets in an online romance scam. Prince Oduro has been sentenced to 8.5 years in prison for money laundering and wire fraud, reports the NBC-affiliated news station WCMH-TV. The 34 year-old […]
The post JPMorgan Chase Employee Steals $1,800,000 From Customers and Victims of Elaborate Romance Scam: Report appeared first on The Daily Hodl.
More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning. In a letter addressed to Wells Fargo CEO Charles Scharf, 16 AGs from across the country accuse the trillion-dollar lender of debanking customers in a discriminatory manner. According to the AGs, the pattern is […]
The post Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices appeared first on The Daily Hodl.
Police say two women just used their roommate’s dead body to withdraw cash from the deceased victim’s U.S. Bank account. Karen Casbohm and Loreen Feralo allegedly found their 80 year-old roommate Douglas Layman dead in their house on Monday and decided to drive his body to the bank, reports Fox 8 News in Cleveland, Ohio. […]
The post Dead Body Used to Withdraw Cash at U.S. Bank, Say Police – Here’s a Look at the Allegations appeared first on The Daily Hodl.
An ailing New York bank just announced an injection of $1 billion in capital in a push to stay afloat. New York Community Bank says the infusion was led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, as well as Hudson Bay and Reverence Capital. In a press release, Mnuchin says he believes […]
The post Troubled New York Bank Receiving $1,000,000,000 Liquidity Injection in Push to Save Ailing Lender appeared first on The Daily Hodl.
A New York bank with $113.9 billion in assets is reportedly in trying to raise cash as its stock nosedives 40% in a matter of hours. New York Community Bank’s (NYCB) stock fell so far so fast that trading was halted “pending imminent news,” according to multiple reports. The Wall Street Journal says the bank […]
The post New York Bank Reportedly in Crisis Mode – Stock Frozen After 40% Nosedive As Lender Tries to Raise Cash appeared first on The Daily Hodl.
A former IMF official believes the U.S. Federal Reserve has pushed America to the brink of another banking crisis. Desmond Lachman, who was deputy director in the International Monetary Fund’s (IMF) Policy Development and Review Department, says in a new blog post for public policy think tank The American Enterprise Institute (AEI) that Fed Chair […]
The post America on Eve of Banking Crisis, Warns Ex-IMF Official, With Hundreds of Lenders at Risk of Failure appeared first on The Daily Hodl.
A Wells Fargo branch manager has stolen over $1 million from customers via unauthorized cash withdrawals, money transfers and cashier’s checks, according to a statement from the U.S. Attorney’s Office in the Western District of Washington. Prosecutors say Brian Davie targeted eight different victims, one of them being a woman who lost over $566,000 from her […]
The post Wells Fargo Executive Drains $1,279,840 From Elderly and Disabled Customers’ Bank Accounts – Here’s How He Broke the System appeared first on The Daily Hodl.
Banking giant JPMorgan Chase reportedly refused to refund a customer who was forced to make a transfer while staring down the barrel of a gun. Chicago resident Victoria Karwowski says she and her roommate were suddenly approached by a group of thieves who wanted to drain her Chase account, reports ABC Chicago. “All three of […]
The post JPMorgan Chase Refuses To Reimburse Customer Robbed at Gunpoint – Here’s How the Victim Fought Back appeared first on The Daily Hodl.
Officials in one of the richest cities in the world are scrambling to claw back funds after a big banking glitch gave tens of thousands of employees a massive payday. On Monday, 30,000 Zurich city employees received double their February salary after a software hiccup caused the erroneous transfer of an additional 175 million Swiss […]
The post Banking Glitch Sends $200,000,000 To 30,000 People in Error, Triggering Mad Dash To Claw Back Funds: Report appeared first on The Daily Hodl.
A Wells Fargo customer says she’s still in disbelief after losing thousands of dollars to a banking scam that’s sweeping the nation. San Francisco resident Eileen Loughran recently received what appeared to be a normal text message from Wells Fargo asking if she’d authorized a $957 transfer through the payments network Zelle, reports ABC7 News. […]
The post Wells Fargo Customer in Disbelief After Thousands Stolen From Account – Why the Bank Denies Responsibility As Scam Sweeps Across US appeared first on The Daily Hodl.
