NEW BRUNSWICK — A Somerset County woman is suing Wells Fargo Bank alleging she was fired for refusing to participate in an alleged scheme similar to the bank’s widespread account scam that led to millions of dollars in federal fines.
Melinda Bini, a former assistant vice president and regional private banker at the Highland Park bank’s branch, says in a recent lawsuit that supervisors instructed her to manipulate accounts and sell banking products or investments that were not the customers’ best interest or without their knowledge.
The lawsuit, filed in Middlesex County Superior Court on April 5, names Wells Fargo and three local bank supervisors.
Continue reading Wells Fargo exec was fired for not scamming N.J. customers, lawsuit says
The country’s top white collar crime expert, William Black – who put over 1,000 top S&L executives in jail for fraud, and is a professor of law and economics at the University of Missouri – confirmed recently what the alternative media has been saying for years: the business plan of Wall Street is fraud. That’s their key profit center.
Black also says that a British parliamentary investigation Tories found that all of the retail profits of the largest banks in the UK came from fraud.
Indeed, the big banks manipulate every single market … and routinely engage in criminal acts.
Well, experts say that we have to prosecute fraud or else the economy won’t EVER really recover and stabilize.
Continue reading Top Bank Fraud Expert: ALL of the Big Banks’ Profits Come from FRAUD