Wells Fargo Strikes Again: $832 Million Verdict Exposes a Decade-Long Pattern of Fraud
The Scam
A Florida jury just slapped Wells Fargo with $832 million in damages for gutting a trust fund created to protect the wealth of tribal youth. The Seminole Minors Per Capita Payment Trust, built from tribal gaming revenues, was supposed to grow and safeguard roughly $3 billion for 2,000 children. Instead, it became just another cash cow for Wall Street vampires.
Wells Fargo, acting as trustee, charged unauthorized fees, mismanaged investments, and maintained garbage records. The bank’s own relationship manager, Kim Scott, admitted under oath that he’d never even read the trust’s governing documents. Let that sink in: one of the bank’s largest accounts, and the manager in charge treated it like junk mail. That’s not negligence—that’s standard operating procedure for these people.
A Pattern, Not a Mistake
This isn’t the first time Wells Fargo got caught with its hand in someone else’s pocket. In fact, they’ve built an entire business model around it:
- 2016: Exposed for opening millions of fake customer accounts without permission.
- 2018: Busted for charging auto loan borrowers for unnecessary insurance—leading to thousands of vehicle repossessions.
- 2020: Fined $3 billion for a laundry list of consumer abuses.
- And now? Ripping off Native children.
This is systemic. It’s not about a few bad apples—it’s about a rotten orchard funded by bailouts and protected by captured regulators.
Executives Walk Free—Again
Sure, the jury handed down a massive verdict, but the eight Wells Fargo execs responsible were fined $50 to $500 each. That’s the price of a dinner in Manhattan. No handcuffs. No perp walks. Just more golden parachutes and PR statements. Meanwhile, regular people get crushed under debt, overdraft fees, and frozen accounts.
The Banksters Keep Winning
Wells Fargo’s response? They’re appealing the decision, whining that they weren’t allowed to “tell the full story.” We’ve heard the story, Meghan McDonald—it’s the same one every time: “We followed protocol, we did our duty, we were misunderstood.” Bull. This is what financial colonialism looks like in 2025: robbing Native kids blind and walking away with bonuses.
And it’s not just Wells Fargo. Chase, Bank of America, Citibank—they’re all running the same racket. Massive, centralized banks serve one master: profit. Everyone else—your grandmother, your tribe, your small business—is just collateral damage.
Protect Yourself Before It’s Too Late
If they can rob children and walk free, what do you think they’ll do to your savings when the next collapse hits?
Don’t wait for the system to “reform” itself—it’s working exactly as intended. Take action now. Download 'Seven Steps to Protect Yourself from Bank Failure' by Bill Brocius—the no-BS guide to getting your assets out of harm’s way.
Trust is earned—and Wells Fargo has earned your distrust ten times over. Don't be their next victim.
