An insider at a bank with branches across the US is accused of forging documents to steal funds from customers’ accounts. The Department of Justice (DOJ) says that while working as a teller at the unnamed bank’s branch in Boston, Massachusetts, Derek Aut lifted $180,000 from the accounts of two customers. To carry out his […]
The post Insider at Major US Bank Quietly Drains $180,000 From Two Customers’ Accounts, Alleges Department of Justice appeared first on The Daily Hodl.
New numbers show customers at JPMorgan Chase, Wells Fargo and Bank of America are piling money into unprotected accounts. The lenders’ quarterly Call Reports, submitted to the Federal Financial Institutions Examination Council (FFIEC), show the banks customers now collectively hold $2.62 trillion in uninsured cash. US banks and the FDIC promise customers that deposits up […]
The post JPMorgan Chase, Wells Fargo and Bank of America Customers Holding $2,620,000,000,000 in Uninsured Deposits As Americans Pour Cash Into Unprotected Accounts appeared first on The Daily Hodl.
A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers. In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses. The breach, which was discovered in late January and happened in […]
The post 21,899 Bank Customers Affected As US Lender Suffers Cybersecurity Breach, Hacker Taps Social Security Numbers and Other Sensitive Information appeared first on The Daily Hodl.
Wells Fargo and two of its business partners are set to fork out millions of dollars to individuals and businesses after agreeing to settle a class action lawsuit that alleged sales calls to potential customers of the fourth-largest US bank were secretly recorded for nearly a decade. According to the settlement administration portal, Wells Fargo […]
The post $19,500,000 Payout Incoming After Wells Fargo Sued Over Alleged Secret Recordings of Potential Customers appeared first on The Daily Hodl.
Crypto firms in the US are reportedly seeking bank charters, encouraged by President Donald Trump’s pro-digital asset regulatory environment. According to a new report from Reuters, crypto and fintech companies are increasingly interested in reducing their borrowing costs by acquiring bank licenses, something regulators in the past were slow and reluctant to approve under the […]
The post Crypto Companies Looking To Obtain Bank Charters Amid President Trump’s New Regulatory Regime: Report appeared first on The Daily Hodl.
A data scientist who graduated from the University of Pennsylvania’s prestigious Wharton School allegedly played a key role in tricking America’s biggest bank into investing massive amounts of money in a company that turned out to be a fraud. In 2016, 24-year-old Charlie Javice founded a financial aid assistance company called “Frank” and ultimately convinced […]
The post JPMorgan Chase Tricked Into Signing $175,000,000 Deal to Acquire Sham Company in Alleged Bank Fraud Conspiracy: Report appeared first on The Daily Hodl.
Two of the largest banks in the US are reportedly locked in a legal battle over a $481 million commercial property loan. Wells Fargo is suing JPMorgan Chase, the largest back in the US, over accusations it greenlighted a real estate loan even though it allegedly knew that the financial statements were fraudulent, reports Reuters. […]
The post Wells Fargo Sues JPMorgan Chase Over Soured $481,000,000 Loan, Says US Bank Aware Seller Had Inflated Income: Report appeared first on The Daily Hodl.
An employee at a billion-dollar bank transferred a massive pile of cash from customer accounts without permission for his own purposes, according to the Federal Deposit Insurance Corporation (FDIC). In a new filing, the FDIC alleges that while working as an international sales representative at the International Bank of Commerce in Laredo, Texas, Martin Fernandez, Jr. […]
The post Billion-Dollar Bank’s Employee Secretly Transfers $123,000 From Customer Accounts to His Associates: FDIC appeared first on The Daily Hodl.
Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky. Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark […]
The post 2,300,000 Credit and Debit Cards Leaked on Dark Web As Hackers Infect Millions of Devices, Drain Bank Accounts: Report appeared first on The Daily Hodl.
New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting their claims and refusing to reimburse their accounts. JPMorgan Chase refused to refund a customer in Northern California after a scammer used a fake driver’s license to initiate unauthorized withdrawals, reports the ABC-affiliated news […]
The post JPMorgan Chase, Wells Fargo and Bank of America Refuse To Reimburse Customers After Scammers Attack Accounts: Reports appeared first on The Daily Hodl.
