YIKES!!!! Wachovia Sued For… Something

Hey, so little underdog financial services company Wachovia is apparently in a little bit of trouble. No, it’s not that confusing slavery thing; the company is alleged to have let telemarketers steal millions of dollars from its customers!

According to the lawsuit, filed last month in Philly, oh… this is super confusing, too:

The plaintiffs accused Wachovia of allowing some “payment processors” to create authorized, unsigned checks on behalf of telemarketers to withdraw funds from customer accounts between 2003 and 2006, court papers show.

They also accused Wachovia of trying to win or retain business from companies that it knew were accused of telemarketing fraud, despite being alerted by other banks about the deceptive activity, the papers show.

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