Banks Allow Scams to Continue Unchecked

In February, 71-year-old Khin Aung was defrauded of $125,000 — her life savings — by an inventive team of scam artists based in Ghana. Khin lost her home and her IRA. And Wells Fargo and Citibank, the U.S banks that handled the wire transfers, facilitating the scam?

They allowed it to happen.

Read more:

The Oregonian – Steve Duin (3/19/2012)
The New York Times – Paula Span (6/13/2012)
The Oregonian – Steve Duin (6/13/2012)