Nonstopdrivel
14 years ago

7 On Your Side
Bank confusion turns into $10,000 problem 
Friday, March 04, 2011

Michael Finney

PETALUMA, Calif. (KGO) -- The common banking practice of making a deposit turned into a $10,000 nightmare for a Bay Area man and his daughter. Their money disappeared.

Myron Hinrich of Petaluma helps support his daughter, Anne, while she studies film-making at USC.

"She's struggling in graduate school; she needed to make a rent payment," Hinrich said.

Anne was low on cash so Hinrich deposited a $10,000 check into Anne's account at Wells Fargo Bank. However, what happened after that came as a complete shock.

"They said the check was fraudulent, they canceled the account and they didn't want to see her again," Hinrich said.

Wells Fargo refused to give Anne the $10,000. Instead, the bank abruptly closed her account and told her to go away. The only explanation? The bank claimed the check was a fraud.

"I didn't know what to think, I didn't' know why they would think it's fraudulent," Hinrich said.

Indeed, it made no sense. The check had already been cashed by Wells Fargo the day it was written and the money had been taken out of Hinrich's account.

"It's the strangest thing I've ever seen, you couldn't find anybody to talk to," Hinrich said.

Wells Fargo would not even speak with Hinrich about what happened, citing privacy laws. The bank also would not speak with Anne, saying her account no longer existed.

"It was a Catch 22; I can't get the money because I don't have an account with them and my daughter can't get the money because they closed her account," Hinrich said.

The way Hinrich saw it, his money had been stolen. So he reported it to the federal comptroller of currency, which makes sure banks obey the law.

"That didn't work either; they accepted Wells Fargo's letter saying I didn't have an account with them therefore they couldn't help me," Hinrich said.

The federal agency closed the case. No one would listen.

"This is $10,000 we're talking here, so that's when I had the idea to call 7 On Your Side," Hinrich said.

7 On Your Side showed all the documents to Wells Fargo and requested the bank deliver a check to Hinrich's daughter in Los Angeles right away.

"She went into the bank and said she wasn't going to leave until she had the $10,000," Hinrich said.

Myron says his daughter sat in the bank in Los Angeles for two hours until finally the check was in her hand.

Wells Fargo says it only needed a letter of indemnity from Westamerica Bank stating the check was valid. Once Hinrich provided that letter, the bank returned the money to the family.

Wells Fargo did not explain why the check was deemed fraudulent in the first place and still cannot explain how it could take $10,000 out of Hinrich's account nearly a year ago, yet still question the validity of the check. The bank claimed it had been holding the money in a separate account all this time, which was news to Hinrich.

The comptroller of the currency declined to comment about its role in closing the case.

(Copyright 2011 KGO-TV/DT. All Rights Reserved.)



I am wondering if Wade thinks this man and daughter have a basis for actionable damages, or if the courts would simply retort that the bank and authorities were within their discretion to be cautious.
UserPostedImage
rabidgopher04
14 years ago
At the very least it seems that Wells Fargo should have held the check and then contacted the man's bank and his bank contact him to verify the check. The worst part is that they thought it was fraudulent, but still took the money from his account. It should not have gone through at all if they thought it was fraudulent.
Amazing Bacon Delivery  Service! Never be without good bacon again.
vikesrule
14 years ago
Wells Fargo and all of the other mega-financial institutions are impersonal blood sucking leeches on humanity.
I will never do business with any of them.
Were I Mr. Hinrich, I would find the sleaziest lawyer (redundant, I know) and go after their slime ball asses.


I only work with my local home owned bank where i get treated well and with respect. And I in turn support them with my business and work with them on community projects.



Back to Wells Fargo ....examples of some of their "caring financial support"..

UserPostedImage 

Wells Fargo Settles Military Veteran Class Action Lawsuit 

Wells Fargo Class Action Settlement Of Class Action Lawsuit Over Alleged Failure To Release Mortgage Liens 

Wells Fargo Ordered To Pay Over $200 Million In Class Action Lawsuit Over Alleged Unfair and Deceptive Overdraft Fees. 
Wade
  • Wade
  • Veteran Member
14 years ago
My first reaction: 10K is going to be hard to find a lawyer for, unless you can find one willing to add a punitive damages claim. Maybe a slander-type rationale.

My second reaction: use the internet and post the story *everywhere* possible banking customers might be found.
And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
Fan Shout
dfosterf (4h) : I do very much appreciate when Beast and others pick up my slack 😊
dfosterf (4h) : I accept Beast's admonishment regarding my failure to link stuff I reference. I simply never learned to link from my cell phone.
beast (4h) : That's not what your she said 😌, she said keep going 😏
Mucky Tundra (7h) : Anything over 4 hours means he needs to get to the hospital
Mucky Tundra (7h) : Someone might want to check on Hafley and make sure his erection has gone down
Zero2Cool (9h) : LaFleur texts "bleep me I cannot sit down"
Zero2Cool (9h) : YouTube has had me last hour or two lol
Mucky Tundra (10h) : Ugh this trade happened right as my shift started and it's killing me
Zero2Cool (10h) : Parsons wore 23 in high school.
Zero2Cool (10h) : Packers just cost Lions more money with Hutchinson too huh
Zero2Cool (11h) : That is fair by me.
buckeyepackfan (11h) : Kenny Clark is the player, 2 1st rnd picks
Zero2Cool (11h) : umm... what?
wpr (11h) : I am stunned
Mucky Tundra (12h) : RICKEY SCOOPS WAS RIGHT AGAIN!!!
Mucky Tundra (12h) : ITS HAPPENING
buckeyepackfan (12h) : DEAL IS DONE
buckeyepackfan (12h) : MICAH IS COMING TO GREEN BAY!!!!!!!!!
wpr (18h) : Me do-ed it gooderly,
Zero2Cool (28-Aug) : Bahah, I was like WTF why isn't anyone posting on PP.com ... oops no one has permissions
dfosterf (27-Aug) : tell her I reckon
dfosterf (27-Aug) : Micah Robinson cut. Probable PS player tomorrow. Has to call mom back and t
Zero2Cool (27-Aug) : New site so much better. Might make switch and deal with it.
dfosterf (27-Aug) : Mecole Hardman to our practice squad
dfosterf (27-Aug) : Nick Nieman from Texans our 5th linebacker. Special teams signing
TheKanataThrilla (27-Aug) : Looks like we signed Clayton Tune as QB3
wpr (27-Aug) : TKT people lose their minds over QB3. Point is almost none of them are ready that's why they are on the PS and other teams don't take them.
TheKanataThrilla (27-Aug) : Unfortunately he doesn't seem ready to be an emergency QB.
TheKanataThrilla (27-Aug) : As a Canadian and a follower of Canadian University football. I am rooting for him
dfosterf (27-Aug) : I bet a lot of us will follow the Taylor Elgersma journey with interest. Personally, got a Kurt Warner vibe goin' on. I like him
TheKanataThrilla (27-Aug) : Not sure if either will be claimed though.
TheKanataThrilla (27-Aug) : Tune or Hooker would make sense
dfosterf (27-Aug) : Clayton Tune cut by the Cards? Don't know if that's the guy, we shall see
TheKanataThrilla (27-Aug) : Per Bill Huber, the Packers will not be bringing back Taylor Elgersma or Sean Clifford on the practice squad, so a new third quarterback
Mucky Tundra (27-Aug) : Schefter must have deleted his tweet
dfosterf (27-Aug) : Hopefully Jerry reaches under the seat cushions and ashtrays of his jet and scrapes up the 45 million apr and spares us further nonsense
dfosterf (27-Aug) : Have to admit the PO'd Cowboy fan videos would be fun to watch. Problem with draft picks is half their fanbase barely knows what that is
beast (27-Aug) : I think Cowboys fans are ready to get their pitch forks and burning sticks if Jerry were to trade Micah
dfosterf (27-Aug) : If Jerry traded Micah to GB, here in northern Va. they would have to quick build yet another data center to handle the internet hate traffic
Zero2Cool (27-Aug) : its signing and trades that you don't hear about, other then announced
Zero2Cool (27-Aug) : If you hear rumors about Packers sign or trade, won't happen. Not how they work
dfosterf (27-Aug) : 19 players in a contract year. Jones called loss to us worst loss in Cowboy history. Forget Parsons trade. Not happenin' Cap'n
packerfanoutwest (27-Aug) : The Packers, meanwhile, are the youngest team in the league for the third consecutive year.
dfosterf (27-Aug) : That it was darkest before the dawn in Bengals and Commanders before they got deals done
Zero2Cool (27-Aug) : what is Schefter saying?
dfosterf (27-Aug) : He was getting Dorito infusion therapy
dfosterf (27-Aug) : He's outta shape. Why, just the other day I saw him splayed out on the trainers table
Mucky Tundra (27-Aug) : Parsons has followed Rasheed Walker on Twitter. Quite the choice
Mucky Tundra (27-Aug) : Kuhn is a former player who works for the team, if somethings going down, he would be close to it
Mucky Tundra (27-Aug) : @kuhnj30 Micah Freaking Parsons
Please sign in to use Fan Shout
2025 Packers Schedule
Sunday, Sep 7 @ 3:25 PM
LIONS
Thursday, Sep 11 @ 7:15 PM
COMMANDERS
Sunday, Sep 21 @ 12:00 PM
Browns
Sunday, Sep 28 @ 7:20 PM
Cowboys
Sunday, Oct 12 @ 3:25 PM
BENGALS
Sunday, Oct 19 @ 3:25 PM
Cardinals
Sunday, Oct 26 @ 7:20 PM
Steelers
Sunday, Nov 2 @ 12:00 PM
PANTHERS
Monday, Nov 10 @ 7:15 PM
EAGLES
Sunday, Nov 16 @ 12:00 PM
Giants
Sunday, Nov 23 @ 12:00 PM
VIKINGS
Thursday, Nov 27 @ 12:00 PM
Lions
Sunday, Dec 7 @ 12:00 PM
BEARS
Sunday, Dec 14 @ 3:25 PM
Broncos
Friday, Dec 19 @ 11:00 PM
Bears
Friday, Dec 26 @ 11:00 PM
RAVENS
Saturday, Jan 3 @ 11:00 PM
Vikings
Recent Topics
1h / Green Bay Packers Talk / jdlax

6h / Green Bay Packers Talk / beast

7h / Green Bay Packers Talk / Zero2Cool

7h / Green Bay Packers Talk / Zero2Cool

9h / Green Bay Packers Talk / Zero2Cool

12h / Green Bay Packers Talk / beast

18h / Green Bay Packers Talk / wpr

28-Aug / Feedback, Suggestions and Issues / Zero2Cool

27-Aug / Fantasy Sports Talk / Zero2Cool

27-Aug / Green Bay Packers Talk / beast

27-Aug / Green Bay Packers Talk / Cheesey

26-Aug / Green Bay Packers Talk / wpr

26-Aug / Green Bay Packers Talk / wpr

25-Aug / Green Bay Packers Talk / wpr

24-Aug / Green Bay Packers Talk / Mucky Tundra

Headlines
Copyright © 2006 - 2025 PackersHome.com™. All Rights Reserved.