February 06, 2008
YIKES!!!! Wachovia Sued For... Something
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According to the lawsuit, filed last month in Philly, oh... this is super confusing, too:
The plaintiffs accused Wachovia of allowing some "payment processors" to create authorized, unsigned checks on behalf of telemarketers to withdraw funds from customer accounts between 2003 and 2006, court papers show.
They also accused Wachovia of trying to win or retain business from companies that it knew were accused of telemarketing fraud, despite being alerted by other banks about the deceptive activity, the papers show.
Fortunately, this lawsuit also includes hilarious email exchanges.
In another situation, loss management official Benita Sheffield e-mailed colleagues on August 23, 2005 regarding some 4,579 complaints that an account had drawn over two months, the papers show.
"YIKES!!!! Now, the crux of the problem (in case you haven't already guessed) is that ALL their deposits are THIRD PARTY DRAFTS!!! DOUBLE YIKES!!!!" according to the e-mail cited in court papers. "There is more, but nothing more that I want to put into a note."
Oh, man, third party drafts!!!!1 Double yikes indeed.
Wachovia accused of aiding telemarketing fraud [AP/Reuters]
Posted by D-Mac on February 6, 2008 01:37 PM
Posted to Email Correspondence
, Exclamation Points
, Lawsuits
, Wachovia
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