13 Oct Wells Fargo Denies Wrongdoing After Freezing $204,000 in Customer’s Account, Facing Lawsuit for Damages – DAILY HODL
Daily Hodl Staff
Wells Fargo says it did nothing wrong when freezing $204,000 in a customer’s account – even though it’s partially relenting to lawyers who claim otherwise.
The banking giant was hit with a lawsuit after a North Carolina-based client named Ethan Parker alleged he was denied access to his money with “little to no explanation.”
Despite objecting to the claims, Wells Fargo is backing down in part, and will soon hand a $204,000 check over to Parker, reports Triangle Business Journal.
Parker’s attorney Jim White says his team is now seeking additional funds for damages and attorneys fees.