Howdy folks, I am just a stupid country hick who has bad grammar skills and even worse math skills. I do however still have to have a bank account with some form of credit or debit card in order to even begin to function or conduct any type of business in today's society (I believe banks are aware there are millions of hard working individuals like myself with limited skills in these areas who must have a bank account in order to cash their paychecks).
It is quite obvious to me that the ripoffs that I have read about concerning overdraft fee scams by Wells Fargo is the result of the (illegal) computer program that Wells Fargo as well as other financial institutions has in place to cause overdraft fees to acrue in the banks favor. I have a family member who has been victim to this fraud and it was all due to inacurate bank statement information which caused the overdraft.
Why do banks have such a program in place you ask? Because it makes money! Lots of money! Is it ethical or legal? Absolutely not! It is indeed fraud and every financial institution that uses this system is well aware of this fraud. But unless someone actually FILES A LAWSUIT against the institution for fraud, nothing will change.
I have noticed that some of those who complained to the bank were even able to have the charges reversed. Well of course every person with a complaint can have the charges reversed by a bank if they spend enough time and press hard enough or file a lawsuit only for the amount of money that the bank is trying to scam you out of. But PLEASE consider the billions of dollars that Wells fargo makes in a single day from unsuspecting less than genius little old ladies and just plain easily confused individuals who never even complain about the overdraft fees but just pay the penalty because they do not have time or intelligence to do anything else.
You can see that even a huge fine or judgement against Wells Fargo is merely a drop in the bucket compared to the amount of money the Wells Fargo institution makes off of these fraudulent overdraft fee practices in a single day. The problem is that it takes a pretty sharp attorney with balls enough to go after such an institution and to prove that the institution is using a program that is designed to actually rearrange deposits and debits in order to charge overdraft fees whenever possible.
There are two reasons Wells Fargo continues to commit this fraud. Reason #1. THEY ARE MAKING BIG! Big! Money off of this fraud. reason #2 nobody has challenged them by suing them for big! Big! MONEY.instead most people settle for just a few hundred bucks in order to settle their account and get on with their lives.
I am in search of a good lawyer to sue WELLS FARGO for a few million instead of a few hundred after all they have plenty of money to pay as they have stolen plenty of money from unsuspecting customers. NUISANCE VALUE ON ANY LAWSUIT IS around $5000.000 especially from a huge institution like WELLS FARGO.
In other words if you actually file a lawsuit against them for a million dollars WELLS FARGO will probably pay you as much as $5000.000 just to make the law suit go away before the case makes it to court. The higher the amount Wells Fargo is sued for the more bad publicity Wells Fargo will receive from the lawsuit. But first FARGO will lie up and down, left and right to try and get rid of you.
If there are any good lawyers out there that want to Help me sue Wells Fargo for a couple million then please let all of us ignorant hicks know how to get in touch with you so that justice might be served and some of us stupid folks who dont know how to balance a check book will not have to worry about balacing an impossible to balance account (due to PREPLANNED innacurate statements / postings) and falling victim to fraudulent fees any longer.
Country hick
west texas, Texas
U.S.A.
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