A Wells Fargo customer is facing a decade in prison after taking advantage of an arrangement with the bank to steal nearly $1 million. California resident Kenneth Gould, who ran a payroll services firm, has pleaded guilty to bank larceny after stealing $830,000 from the banking giant, reports FOX 26 News. Court documents show Gould […]
The post $830,000 Drained From Wells Fargo As Customer Executes Brazen Attack, Triggers Fraudulent Bank Transfers: Report appeared first on The Daily Hodl.
A billion-dollar bank is now being sued after more than $200,000 vanished from a dead man’s account, according to a new report. The estate of the late John Lindy Steward is suing FirstBank for allegedly refusing to reimburse a series of unauthorized transfers from his account – despite the bank being promptly notified of Steward’s […]
The post $200,000 Exits Dead Man’s Bank Account As Bank Employee Allegedly Pilfers Massive Pile of Cash for Personal Gain: Report appeared first on The Daily Hodl.
Bank of America says a customer is out of luck after a “phantom hacker” drained $20,000 from her account. Chicago-based business owner Milan Jackson says it all started when she received a phone call from someone who claimed to work at the bank, reports ABC 7. The man on the phone said someone was trying […]
The post ‘Phantom Hacker’ Drains $20,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report appeared first on The Daily Hodl.
A trillion-dollar banking giant says its customers lost about $2 million to fraud in a span of just eight days. Santander UK says scammers ripped £1.99 million ($2.04 million) from its customers’ accounts between Christmas and January 1st of 2024. The bank revealed the numbers in a push to keep customers vigilant through the holiday […]
The post $2,000,000 Drained From Customers’ Bank Accounts in Just 8 Days, Says Financial Giant, Warning Scammers Trigger Fraudulent Transfers Like Clockwork appeared first on The Daily Hodl.
JPMorgan Chase is refusing to release $43,000 that belongs to a scammed Bank of America customer, according to a new report. Hyeon-Jin Kwon says she initially lost $56,000 after an impostor claiming to work at Bank of America gave her a call and managed to drain her account, reports the ABC-affiliated news station WMAR. “[The […]
The post JPMorgan Chase Abruptly Freezes $43,000, Refuses To Release Funds To Scammed Bank of America Customer: Report appeared first on The Daily Hodl.
Federal prosecutors say an employee at Oklahoma-based BOK Financial Securities drained millions of dollars directly from customers’ accounts. William Shane Garrow – who was senior vice president and a private banker at BOK until being fired early this year – is accused of embezzling $4,277,227 from at least 16 customer accounts and funneling the funds […]
The post Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme: Report appeared first on The Daily Hodl.
More than $100 trillion dollars will be handed down to heirs over the next couple of decades as the pace of the Great Wealth Transfer accelerates, according to a new report. The research firm Cerulli Associates says $105 trillion will be passed on to heirs by 2048, while charities will receive $18 trillion over the […]
The post $105,000,000,000,000 To Be Handed Down As Great Wealth Transfer Enters Full Swing – And One Generation Will Benefit More in the Short Term: Report appeared first on The Daily Hodl.
Uganda’s central bank just confirmed rumors of a hack, revealing a trove of cash has been drained from the nation’s official bank accounts. The Bank of Uganda says police are launching an investigation into the theft of 62 billion Ugandan shillings, worth $16.8 million, reports Reuters. The hacking group “Waste” claims it’s responsible for the […]
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Wells Fargo is issuing a warning to US bank customers as new numbers shed light on the amount of fraudulent transfers hitting Americans’ bank accounts. In a new op-ed, Wells Fargo fraud expert Margarita Alvarez says imposter scams are on the rise, with $2.7 billion lost in 2023, according to the Federal Trade Commission (FTC). […]
The post Wells Fargo Issues Fraud Warning As Scammers Drain $503,910,000 From US Banks in Three Months appeared first on The Daily Hodl.
A former executive at the seventh-largest bank in the US just admitted to taking tens of thousands of dollars from a deceased customer’s account. Former PNC bank manager Lamont Hankins has pleaded guilty to stealing $60,181 from a customer who died years ago, reports Cleveland.com. Hankins started stealing the funds in late 2021, about six […]
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