Skip to main content

Posts

Showing posts with the label lawsuit

Wells Fargo slapped with a MAJOR lawsuit

The first lawsuit has been brought against Wells Fargo by customers after it was discovered that the bank collected fees for millions of unauthorized accounts. The proposed class action suit, filed in U.S. District Court in Utah on Friday, accuses the bank of fraud, negligence, invasion of privacy, and breach of contract. The three plaintiffs are seeking compensation to cover damages tied to anxiety, emotional distress, and identity theft, as well as for legal fees. The bank was busted opening millions of phony bank and credit card accounts for customers over the last five years. The fake accounts were a way for the bank to earn extra fees from unsuspecting customers, as well as artificially boosting its sales numbers. The lawsuit states that Wells Fargo managers and bankers partook in unethical techniques to improve sales figures. The bank has an average of six accounts per customer, but was aiming to have eight. Plus, the bank is being blamed for pressuring bankers into dup...

Big problem at a site you probably shop at

Everyone and their brother shops at Amazon.com. It is, after all, the biggest Internet-based retailer in the U.S., offering everything from books and apparel to food and jewelry. It turns out that Amazon is now cracking down on people who are posting phony reviews to the site. The latest case involves users of Fiverr.com, an online marketplace where you can take on such "gigs" as writing a news story for $10. Amazon discovered that people were offering to write positive reviews of products they'd never even used, often with text provided by the seller. Sometimes they'd go so far as to receive empty envelopes in the mail to create the illusion that they were receiving shipments of these products. Amazon is suing 1,000 people, but the most bizarre part of the story is that the internet giant doesn't even know their true identities. It has only user names to go by, and the fact these people employed multiple accounts and IP addresses makes it even more diffic...