CASE STUDIES

  1. Home
  2.  » 
  3. News and Cases
  4.  » The New York Times: Papers Show Wachovia Knew of Thefts

The New York Times: Papers Show Wachovia Knew of Thefts

Feb 6, 2008

Charles Duhigg reports in The New York Times on Papers Show Wachovia Knew of Thefts. Last spring, Wachovia bank was accused in a lawsuit of allowing fraudulent telemarketers to use the bank’s accounts to steal millions of dollars from unsuspecting victims. When asked about the suit, bank executives said they had been unaware of the thefts. But newly released documents from that lawsuit now show that Wachovia had long known about allegations of fraud and that the bank, in fact, solicited business from companies it knew had been accused of telemarketing crimes.