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    Home»Markets»Wells Fargo Refuses To Reimburse Buyer After $814,000 Abruptly Drained From Financial institution Account, Triggering Battle for Life Financial savings: Report – The Day by day Hodl
    Wells Fargo Refuses To Reimburse Buyer After 4,000 Abruptly Drained From Financial institution Account, Triggering Battle for Life Financial savings: Report – The Day by day Hodl
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    Wells Fargo Refuses To Reimburse Buyer After $814,000 Abruptly Drained From Financial institution Account, Triggering Battle for Life Financial savings: Report – The Day by day Hodl

    By Crypto EditorFebruary 5, 2026No Comments3 Mins Read
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    An aged Wells Fargo buyer affected by a number of well being points says he misplaced tons of of hundreds of {dollars} after falling sufferer to a financial institution fraud scheme.

    Ninety-year-old Irving Rosenberg says he misplaced $814,000 to scammers who cast his signature on checks to empty his financial savings account, stories ABC7 Los Angeles.

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    However Rosenberg says he by no means wrote a single examine and by no means approved anybody to withdraw funds from his Wells Fargo account.

    “I used to be indignant and pissed off. It took all my life financial savings… I used to be harm.”

    When he reached out to Wells Fargo for help, the financial institution mentioned it might look into his concern.

    “They put it to investigation… an investigation may go eternally. That’s what they instructed me.”

    Rosenberg says he finally acquired a letter from Wells Fargo, denying his fraud declare as a result of the 60-day reporting window had elapsed earlier than he had notified the financial institution.

    David Satin, Rosenberg’s nephew, says copies of the checks clearly present that the signatures have been cast.

    “Should you take a look at all of the checks that have been written, none of them even have near his signature, not even remotely shut.”

    Satin additionally says he spoke with Wells Fargo to contest the denied fraud declare, saying that the 90-year-old is in no situation to take care of his personal affairs.

    “I went again to them, and I mentioned, ‘Wait a second. He’s 90. He’s received a bit little bit of dementia. He can’t hear. He can barely stroll. He’s received pores and skin most cancers. He’s not noticing these sorts of issues, and also you guys haven’t any assist in any respect for him.”

    After Wells Fargo’s rejection, ABC7 touched base with the financial institution to study extra about Rosenberg’s declare. In an e mail to ABC7, Wells Fargo reversed course and mentioned it’ll make Rosenberg complete.

    “After working with our buyer and their designated Energy of Legal professional, and reviewing extra info, we’re happy to share that we’re returning Mr. Rosenberg’s a refund to his account.

    Fraud prevention stays a high precedence, and we encourage all prospects to evaluation their statements month-to-month and report something suspicious straight away so we are able to act rapidly to guard them.”

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    Wells Fargo Refuses To Reimburse Buyer After $814,000 Abruptly Drained From Financial institution Account, Triggering Battle for Life Financial savings: Report – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses you might incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in affiliate internet marketing.

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