Posted on 07/27/2016 9:33:25 PM PDT by nickcarraway
Right you are. I've read that Wells Fargo will freeze your accounts based on bogus out-of-state claims. For example, suppose California claims that you owe $500 in traffic tickets, even though you've never been near that state. WF is very happy to freeze your accounts at CA's request.
Avoid them.
It there is no IRS records of her claiming this on her taxes and the bank has no record of issuing the proper IRS form (which the IRS should have a copy of) then the account should still be active.
Neither the bank nor IRS keeps records beyond 7 years. The IRS will have the 1040 summary for a few years beyond that, but not any detail, i.e., how much was earned in interest beyond the 7 years.
This is NBC Bay Area reporting this. Giants station. They have lots of clout. Go Giants!
It’s a matter of $32,000. Wells Fargo would spend that for a couple of full-page newspaper ads. They’ll give the guy his money. Probably make a big deal out of giving him the check, smiling for the cameras.
If it was one of your elderly relatives, they’d suspect foul play.
Not everyone here knows your background like I do!!
I can tell you what they’ll probably do no matter the deceased has been dead since the 90’s. They’ll ask him if she had a will and if so, if it went through probate and if not, deny family members access to it, hold or freeze it, it and make the family have to sue the bank to be able to cash it out. Some bank officers try to play lawyer even though they don’t know the laws. Some even skim from these “dormant” accounts if interest is still bring paid on them.
Actually I would guess WF keeps saying no.
Look at the bank officer who's always dressed immaculately, drives new cars, and lives in a big house beyond what would normally be his means. One that is a narcissistic a-hole with a chip on his soldier that treats people like crap. There you will find your thief. Hmm sort of reminds me of someone else.
Dumb if they do. Getting $32,000 worth of publicity for being “The Bank With A Heart” ... Priceless.
It is. One of the crimes I investigate is financial fraud and it is pretty common in the banking industry. One case I worked on involved a VP of a bank who received a $200K Commisiion on one mortgage loan he approved that he knew would never be repaid. All the financials, including the tax returns and collateral were a sham.
Sounds like a good reason to have a will. I dont understand how this was just recently found. Who was paying for the safety deposit box all these years.
I refer you to Target.
Dumb happens.
Stand in front of the bank with a sandwich sign on that says “Wells Fargo stole my money!” and you will soon have your cash.
Target ain’t a bank.
I does my heart good to know that there are still some ‘the glass is half full’ people even when the glass is crack dirty with arsenic laced water in it.
He will never see the money.
This horror story isn’t nothing compared to what the big banks have down to Mortgages, deeds and real estate law over the last few years.
It happened to my grandparents. They had a CD for a term and didn't tell the bank to convert it or cash it when it reached its term, so they lost it. That is, by the time they checked on it their right to cash it had expired.
Not the point. Businesses of all stripes do dumb things and stubbornly defend dumb their dumb things even when it’s hurting them.
You just don’t get it. I’m in marketing. Thirty-two grand is a couple of full-page newspaper ads to WF. Giving the guy his money on NBC Bay Area with him smiling with hand-picked all-American cute-as-a-button tellers in a two-minute feel-good story at the end of the newscast is FREAKING PRICELESS!
See #38.
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