Wells Fargo Customer Loses Nearly $100,000 in Brazen Phone Scam!

Wells Fargo Customer Loses Nearly $100,000 in Brazen Phone Scam!

On November 8, 2025, a Wells Fargo customer lost nearly $100,000 due to a sophisticated telephone scam. The fraudster, posing as a bank employee named David, contacted the customer and warned him about an alleged fraudulent $1,000 debit from his account. To “help” customers, David recommended a computer “cleaning” service, but it would cost $10,000.

In a tragic misunderstanding, the customer accidentally transferred $100,000 instead of the intended amount of $10,000. After contacting David about a refund, the customer received some of the money back within a few hours. However, the next day he discovered that a total of $98,900 had been withdrawn from another Wells Fargo account.

The unknown withdrawals

The bank said it sent the funds in question in two transactions: a transfer of $50,000 and a second of $48,900. Wells Fargo stated that they did not initiate the movement of the funds, leaving the customer in an even more desperate situation. Despite these deposits, David contacted the customer again and again claimed that the customer's "CPU" was running slowly. When confronted about the missing funds, the fraudster replied that “everything was legitimate” and the money would be returned to the account soon.

Police have now launched an investigation into the case, but there are currently no suspects that have been identified. This incident highlights the dangers associated with fraudulent calls and how clever scammers can be to deceive unsuspecting victims.

The events surrounding this fraud case not only show the explosive nature of the issue, but also raise questions about the security of bank customers. Consumers are encouraged to be vigilant and think critically when they receive suspicious calls.