Jump to content


Photo

Wells Fargo bank teller stole $185,000 from a homeless customer


  • Please log in to reply
2 replies to this topic

#1 noodle

    Mister Danger

  • Administrators
  • PipPipPipPip
  • 36,436 posts
  • Gender:Male
  • Country:Blank

Posted 02 October 2017 - 01:30 AM

Wells Fargo bank teller stole nearly $200,000 from a customer and spent it on a down payment for his home and several vacations; has agreed to a plea deal, according to court documents cited by The Washington Post.

 

The former employee, 29-year-old Phelon Davis, pleaded guilty to a felony charge of interstate transfer of stolen property this week after a 2014 encounter with a homeless customer who tried to deposit $185,000 in cash at a Wells Fargo branch in Washington, DC, the court documents said.

 

The customer, who was not named but was described as a homeless street vendor, had existing accounts at the bank, but he lacked the identification documents he needed to deposit the $185,000 worth of cash he had been carrying in a garbage bag. The Post said. The man was turned away.

 

The homeless man "had a surprisingly large balance with the bank," The Post reported, citing a document related to the case. Davis was accused of forging the customer's signature to fraudulently open a Wells Fargo account in the customer's name — including an online login, an ATM card, and personal identification number, all of which Davis controlled. He funded the account with $3,000 of the homeless customer's money.

 

The customer had no access to email or the internet, according to The Post, and thus had no knowledge of the fraudulent activity, the newspaper said.

 

Court documents showed that, over the course of two years, Davis transferred $177,400 of that customer's money between accounts, and withdrew $185,440, taking $5,000 across state lines, the court documents said. Davis used some of the stolen cash as a down payment on his home, took several vacations, and paid some debts.

 

Davis has been ordered to pay back the stolen money and could face up to 30 months in prison.

 

It appears Davis fraudulently opened the accounts during the same period in which Wells Fargo employees were accused of fraudulently opening millions of accounts in customers' names between at least 2011 and 2015. It was unclear whether Davis' activity was related to that scandal, which exploded in 2016 and eventually drove then-CEO John Stumpf out of the company. Wells Fargo in July agreed to shell out $142 million to settle the matter.

 

SOURCE


Please remember to thank for topics you view. A nice Thank You is always welcome
Jy2vV9.png


#2 SouthernComfort

    Free Spirit

  • Administrator
  • PipPipPipPip
  • 19,464 posts
  • Gender:Male
  • Country:United States

Posted 06 October 2017 - 03:23 AM

:angry2:



#3 bmo

    Retired Cdn

  • Moderator
  • PipPipPipPip
  • 4,078 posts
  • Gender:Male
  • Location:Canada
  • Interests:Family, Golf, Billiards and Forums
  • Country:Canada

Posted 15 October 2017 - 11:46 PM

So glad this one didn't get away with it...


Thank you Management & Posters of LSC for making this a wonderful place.
"Global Warming - Blah... A CO2 misnomer and not man made I say!"