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  4.  » Courthouse News Service: Banks & Telemarketers in Cahoots, Class Says

Courthouse News Service: Banks & Telemarketers in Cahoots, Class Says

Jan 29, 2010

Five national banks, including Wells Fargo and Wachovia, helped “unscrupulous telemarketers” launder millions of dollars they swiped from consumers, a class action claims in Philadelphia Federal Court. Barbara Leonard writes in Banks & Telemarketers in Cahoots, Class Says that the class sued three processing companies – NetDeposit, MP Technologies dba Modern Payments and Teledraft – and five banks: Zions First National Bank of Utah, Wells Fargo, Wachovia, National Penn Bank and Harleysville National Bank. Named plaintiff Reynaldo Reyes says a telemarketer tricked him into revealing his bank account information and then withdrew almost $400 from his account.