logo
Wells Fargo Bank decides to refund woman's money after being swindled out of her life savings

Wells Fargo Bank decides to refund woman's money after being swindled out of her life savings

Yahoo11-02-2025

The Brief
In a FOX 26 Follow Up, we've learned a woman, who was swindled out of her life savings, was able to get her money back from Wells Fargo.
FOX 26 initially spoke with Heather, who said she received a call from an actual Wells Fargo Bank number, and that they had the information of her previous transactions. However, it wasn't really Wells Fargo Bank.
Wells Fargo Bank provided additional information on ways you can protect yourself from becoming a victim.
HOUSTON - Before FOX 26 got involved, Wells Fargo Bank told Heather Sanders they understood she unknowingly participated in a fraud scheme, but refused to assume liability. Now the bank is returning her money.
"I feel very blessed. It's a huge weight off my shoulders," said Heather. "It's money I've been saving, so I was very happy."
Wells Fargo has refunded more than $4,000 to Heather.
The backstory
In an only on FOX report, we told you how she got a call from an actual Wells Fargo bank phone number.
"They were in my account when I was speaking with them," Heather said. "They were going through transactions I had already used. They had all the information, that's another reason I believed them."
She says the thief or thieves sent texts that looked real. Two couriers showed up to take her card, which she was instructed to cut in half. The faces of both were caught on camera.
Sheriff's Deputies are investigating.
Get news, weather and so much more on the new FOX LOCAL app
What they're saying
Heather believes it was our report that caused Wells Fargo to change its mind and return all her money.
"After it aired Friday, they reached out by Monday, opened it, and escalated it to their highest department. I had an answer within three days, they said it could take up to 10," she said. "I don't believe if you wouldn't have run the story, they would have stuck with their decision, no matter what evidence I sent."
In a statement, Wells Fargo told FOX 26, "Upon reviewing additional information, we are happy we could resolve this matter working directly with our customer. Wells Fargo will never ask you to give us your physical card and PIN number to prevent fraud or scams. If anyone asks you to do that, it's a scam."
Tips for viewers from Wells Fargo Bank:
Scammers will try to rush you into taking action, so you won't take time to stop, think, and verify facts.
Scammers can spoof their caller ID number.
Common tactics include asking you to provide sensitive personal information or to send money to help stop a phony transaction or receive a refund.
Your bank won't ask you to send a payment or your physical card to prevent or stop fraud in your account. If you get a call asking for that, immediately hang up and call your bank directly.
Providing personal information such as One-Time passcodes, passwords, or PIN can give scammers access to your account and your funds.
If you are uncomfortable with a request received by phone call or text that you didn't initiate, don't respond and hang up immediately. Contact the company using legitimate sources.
We encourage people to visit Wells Fargo's online security center to learn about common scams and how to avoid them.
Additional Information from Wells Fargo Bank:
Our work to prevent scams is a priority and we're increasing our education efforts through alerts in online banking sessions, mobile app, various customer communications, displaying warning notifications, through our Online Security Center, and resources like our Security Brochure. As well as through media outreach efforts with our video news releases (VNR) on scam/fraud topics – such as this recent VNR around Imposter Scams:https://vimeo.com/user51023847/review/1023081030/4bcf59448dPassword: WF24
https://vimeo.com/user51023847/review/1023081030/4bcf59448d
Password: WF24
The Source
FOX 26 Reporter Randy Wallace spoke with Heather as well as Wells Fargo Bank about the situation.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump and Xi agree to new in-person meeting after phone call amid trade tensions
Trump and Xi agree to new in-person meeting after phone call amid trade tensions

Yahoo

time40 minutes ago

  • Yahoo

Trump and Xi agree to new in-person meeting after phone call amid trade tensions

President Donald Trump and Chinese President Xi Jinping held a phone call Thursday amid ongoing tensions between the two superpowers — with a new in-person meeting planned soon. Chinese state media and the Chinese foreign ministry said the call happened at the White House's request. The Chinese foreign ministry said Thursday morning that the call was ongoing as of 9 a.m. ET. In a Truth Social post just before 11 a.m., Trump said the call lasted about 90 minutes, but provided few details about it other than that it focused on trade. He said a meeting will now be held "shortly" between representatives from the two nations at a location to be determined. It's the first known call between the two leaders in Trump's second term, though the two spoke in January before Trump's inauguration. Trump had posted to social media early Wednesday to air his frustrations with how the conversations between the U.S. and China have been going. 'I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!' Trump wrote at 2:17 a.m. The U.S. and China have been locked in a heated trade war since the early days of Trump's second administration, with volleys of tariffs and retaliatory tariffs ratcheting up duties on billions of dollars' worth of goods. The White House and the Chinese Embassy did not immediately return requests for comment. The current tariff level on Chinese imports brought into the U.S. is at least 30%. That's down from the 145% punitive level Trump had imposed until a handshake agreement in Geneva last month led to a mutual stand-down that also saw China reduce its duties on U.S. imports down to 10% from 125%. But tensions heated up again Friday after Trump accused China of violating the Geneva understanding, though without adding many specifics. That prompted China to level a similar accusation against Trump on Monday. Trump remains fixated on closing America's trade deficit with China, which is the difference between how much the U.S. imports from China versus how much it exports. On Thursday, fresh data showed the gap dropped sharply in April. It's an indication that the new tariffs have begun to hit hard. Data from the U.S. Commerce Department showed the largest-ever drop in total imports. The deficit with China declined to $19.7 billion, the lowest level since March 2020. "The sharp narrowing in the April U.S. international trade deficit tells us the temporary first-quarter splurge by businesses pulling-forward demand to get ahead of tariffs has run its course," Wells Fargo economists wrote in a note after the data was released. Trump has pledged that his unprecedented tariffs gambit will lead to trade deals — but despite a flurry of promises and pronouncements that they are near, no firm deals have materialized. Even the agreement with the U.K. announced last month from the Oval Office has been described as merely a "political pact" rather than a formalized, mutually beneficial trade agreement. It's led to growing critiques that Trump's tariffs strategy has little to show so far besides scrambling the investment and hiring plans of businesses the world over. Trump faces a particularly complex set of issues with China. Alongside trade, he is also attempting to wrestle TikTok away from Chinese ownership, while seeking to stem the flow of illicit fentanyl that authorities say largely originates from Chinese manufacturers. While there are signs of slowing fentanyl seizures at the U.S. -Mexico border, there has been no sign of progress on the TikTok talks. A deadline that would force TikTok's Chinese parent company ByteDance to sell the popular social media app or face a U.S. ban is set to expire June 19. Trump now faces the prospect of having to extend the deadline for a third time. This article was originally published on

Best Idea: Top Team Focuses On Helping Clients, Solving Problems
Best Idea: Top Team Focuses On Helping Clients, Solving Problems

Forbes

time4 hours ago

  • Forbes

Best Idea: Top Team Focuses On Helping Clients, Solving Problems

Germain DiCarlo & Wong Wealth Management Group Wells Fargo advisor Jeff Germain sees himself and his team as problem solvers. When clients call, Germain and his team spring into action. They work overtime to soothe frayed nerves and fix what is broken. But sometimes the problem isn't related to the markets or financial planning. It is of a more personal nature. Like the time the daughter of a client, an ultra-high-net worth family, 'was getting no traction' with the admissions office at a private university on the East Coast. Germain, 64, who is managing director at Germain DiCarlo & Wong Wealth Management Group in Beverly Hills, California, said he turned to one of the team's partners, Kelly Wong. Wong had a contact at the university, and she agreed to make some calls.'We were able to open up the door,' said Germain. 'If Kelly hadn't done that, I'm not sure the student would have ever gotten' the attention her application deserved, Germain said. 'Little things like this are important.' Germain adds: 'All the father could talk about is how we helped his daughter get into the university she most wanted.' Jeffrey R. Germain Germain's nine-member team manages $1.8 billion in assets for about 135 high-net worth clients. The team, part of Wells Fargo Advisors, has been ranked by Forbes | SHOOK as both a Best-In-State and a Top Wealth Management Team. When wildfires ravaged Southern California in January, a prospective client told Germain that his family had lost their home. The family couldn't find a suitable building contractor. Germain made some calls and connected the prospective client with a builder. The family became a client. Having a small client base, Germain said, 'gives us enormous bandwidth and ability to do these things for the client.' In another instance, a client's home was burglarized and stripped of its electronics. The client called Germain in a panic. 'Oh my god, what am I going to do?' she asked. Germain took inventory of what had been lost, drove to Best Buy and worked with the manager there. Within a week, all the client's electronics had been replaced, delivered and installed. When another client was near tears because he lost a prized Rolex to the wildfires, Germain's team made a couple of calls and replaced the watch. Clients in the market looking to buy a car sometimes turn to Germain's team. The team has helped clients find the right vehicle, negotiate the price and even secure financing. After listening to the Germain's team approach toward helping clients, judges selected Germain DiCarlo & Wong Wealth Management Group as a Best Idea Winner at the Forbes | SHOOK Top Teams Summit. 'Probably 70% of what we do is outside the scope of how we make our money,' says Germain. 'It's just about being available, leveraging all the contacts I have. What drives our business is being there for whatever our clients need.' 'Our focus is on representing the client and treating others the way you wish to be treated.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store