CLASSIC: Wells Fargo's Imaginary Customers
Stuff They Don't Want You To Know
iHeartPodcasts
4.3 • 10.7K Ratings
🗓️ 14 October 2025
⏱️ 70 minutes
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Summary
Wells Fargo is one of the most popular retail banks in the United States, and its gigantic customer base uses it for everything from savings accounts to loans and more. However, a few years bank the bank came under fire for perpetuating a conspiracy all its own -- more and more customers found they had multiple accounts and lines of credit opened without their consent, and further investigation found that was just the beginning of the problem. Tune in to learn more about this real-life banking conspiracy, how it was discovered and the consequences (or lack thereof).
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Transcript
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| 0:00.0 | Folks, welcome back. We've got a classic episode for you. This one is proudly not brought to you by Wells Fargo. |
| 0:06.7 | Unless it is. Unless it is. And they haven't heard this. The story of one of the most popular |
| 0:12.5 | retail banks in the United States definitely gave a couple of us a crossroads come to Jesus moment |
| 0:19.1 | where we got into the story. But back in 2020, |
| 0:23.0 | we like so many other people learned that Wells Fargo had an entire side business doing |
| 0:28.9 | some highly illegal grifts. And when we did this exploration, I vowed to take my business elsewhere. |
| 0:36.7 | And I'm still with Wells Fargo to this |
| 0:38.2 | day out of sheer laziness. First National Bank of Atlanta into Wachovia, into Wells Fargo. |
| 0:45.4 | Exactly. And a lot of people ended up in Wells Fargo because like I said, they just got |
| 0:50.3 | snapped up by an increasingly gigantic Leviathan of finance. |
| 0:55.9 | And I miss Wachovia because the name sounded like his sneets. |
| 0:59.3 | It was nice to say. |
| 1:00.4 | You're going to walk all over you. |
| 1:02.9 | These walks were made for Coven. |
| 1:05.8 | And that's just what, anyway. |
| 1:07.6 | Yeah, we'll get to this classic episode after a word from our sponsors. |
| 1:11.4 | This is an I-Heart podcast. |
| 1:15.3 | On a cold January day in 1995, 18-year-old Krista Pike killed 19-year-old Colleen Slemer in the woods of Knoxville, Tennessee. |
| 1:26.5 | Since her conviction, Krista has been sitting on death row. |
| 1:30.1 | How does someone prove that they deserve to live? |
| 1:33.1 | We are starting the recording now. |
| 1:35.0 | Please state your first and last name. |
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