On top of the telemarketing hot-boxers the bank was in league with previously. We are now at over $300m. in fines and restitution that Wachovia has had to pay to the feds the settle the bank’s involvement with money laundering for drug cartels and scam artists who duped elderly customers into giving up the Wachovia account numbers. The bank stood by while its customers were fleeced — just as it stood by while $373 billion in narco-dollars flew thru the bank’s wire transfer system.
Wachovia did pocket a nice fee on the transactions, however.
Any local non-profit — hint hint — which has cashed massive checks from Wachovia needs to go take a long, hot shower.
