Mexican Singer Ana Bárbara Alleges Bankers At Wells Fargo Stole $400,000 From Her Accounts
Mexican singer Ana Bárbara has filed a $1.5 million lawsuit against Wells Fargo Bank. The Latin Grammy Award-winning alleges two bankers at Wells Fargo stole $400,000 from her accounts.
Bárbara, whose real name is Altagracia Ugalde Motta, alleges that after Arturo Arias and Jorge Valdez from Well Fargo stole her money, she was forced to cancel a major concert tour. A tour she alleges cost her an additional $884,000. She is seeking more than $1.5 million in damages.
Bárbara’s Lawsuit Lends Credibility To The City of LA’s Lawsuit Against Wells Fargo
Bárbara’s lawsuit states that the bank is “well-known for creating a corrupt business culture. The suit states that Wells Fargo pressures its employees to lure customers into setting up multiple undesired accounts“
The Grammy Award singer points to the lawsuit the City of Los Angeles filed against Wells Fargo last year. The LA suit alleges that Wells Fargo “adopted the practice of enrolling its customers in online banking and online bill paying without their consent,”
The lawsuit states that Arias approached Bárbara in April 2012 at one of her concerts and he “then proceeded to insinuate himself into (her) circle of friends and associates.”
Arias allegedly went to Bárbara’s home in January of 2013 and convinced the singer to sign documents to open up a Wells Fargo personal checking account.
Arias then pressured Bárbara into opening a business checking account in the name of her corporation, Lo Bosque Productions Inc.
The suit alleges that the bankers from Wells Fargo stole money from Bárbara’s two checking accounts. Arias then created passwords known to him that prevented Bárbara from having access to her own accounts.
Bárbara alleges that Arias and Valdez used the funds to open several more credit accounts using Bárbara’s forged signature.
Bárbara claims that the bankers at Wells Fargo stole over $416,000 from her accounts. She also alleges the scheme has decimated her credit score that she is unable to obtain financing for a new home.
Arias and Valdez allegedly confessed to their wrongdoing last August. Wells Fargo allegedly then created a new checking account in Bárbara’s name and deposited nearly $127,5000 without informing her.