Wells Fargo didn't block fraud loss, lawsuit says

  • Article by: DAN BROWNING , Star Tribune
  • Updated: April 9, 2012 - 8:56 PM

Edina law firm that lost nearly $400,000 to a Nigerian fraud ring says Wells Fargo was at fault.

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larrymickApr. 10, 12 8:47 AM

MGM saw the opportunity to gain legal fees on this "settlement" issue and fell for a scam that most people wouldn't fall for. Then want someone else to pay for their ignorance. Something to remember if considering MGM as your law firm.

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audie2012Apr. 10, 1212:47 PM

Unfortunately many educated and sophisticated people are touched by scams. I admire a law firm that has the guts to go after a bank. I would hire that law firm in an instant!

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marine0802Apr. 10, 12 1:42 PM

Sounds like the bank was pretty careless - informing a customer that a check had cleared should be something on which a customer can rely. By the way - why shouldn't a law firm go after an available fee and provide a service? Its what a business does.

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larrymickApr. 10, 12 1:43 PM

I'm sure many people would hire a law firm who feels that there is always someone else to blame for one's mistakes.

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Helaine50Apr. 10, 12 2:00 PM

It is very suspect for one of the commentators to make negative comments about the Milavetz law firm, when they don't know the facts. I have worked with people in all walks of life that have suffered scams. Many of the scams are extremely sophisticated. Why attack the Milavetz law firm? How does that help the millions of users with bank accounts? Why not blame the party that has the resources to prevent the scam in the first place...the bank?

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audie2012Apr. 10, 12 2:54 PM

Its unfortunate that a bank with its resources would be unable to prevent something like this from happenning. To me, a bank is not just a depository for people's money. It is also in a position to learn of national banking scams far sooner than any of its customers. Most people trust their bankers, especially with their commercial accounts. Its easy to blame a victim that has been scammed. In reality all of us should be concerned that this never happens again to anyone. If the lawsuit makes this happens...everyone wins!

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motomanApr. 10, 12 3:05 PM

The law firm was stupid for falling for the scam. The bank was stupid period. They should both share the loss 50-50. Both companies are loaded, so the only thing hurting is their pride. You dig?

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neptunedonnaApr. 10, 12 3:27 PM

It's good that someone is finally holding these banks to task for their negligent handling of their customer's money. I would hire the Milavetz law firm any time. They have an excellent reputation in the community.

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johndoe123Apr. 10, 12 3:53 PM

@audie2012 - The problem is Wells Fargo doesn't really HAVE any bankers at the local level - they have customer service representatives. When you need a banker, they sit you down with their CSR and call the phone bank - something you as a customer can do any time you'd like. It's the reason they call their branches 'stores'. The organization is utterly brain-dead.

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janine50Apr. 10, 12 4:06 PM

Comparing a law firm's resources to Wells Fargo is beyond understanding! Most people believe a bank when they are told a "check has cleared." That does not make a person stupid whether they are a doctor, a lawyer or a factory worker. I feel for the Milavetz law firm and I hope they recover all of their money and more. The banks make plenty of money due to their high overdraft fees. They can afford it more than a small business.

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