Archive for the ‘Wachovia’ Category

Big Names No Protection

Friday, April 18th, 2008

ABC News is reporting that Wachovia Bank processed over $140 million in transactions for corporate clients who were engaged in telemarketing fraud. 

Wachovia is said to have collected millions of dollars in fees, and despite numerous warnings from inside and outside of the bank, apparently never looked into the sources of the fraudulent transactions. (more…)