Report: Wells Fargo Gives Customer Fake $100 Bill, Issues Alert Regarding Worthless Withdrawal and Counterfeit Currency
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Report: Wells Fargo Gives Customer Fake $100 Bill, Issues Alert Regarding Worthless Withdrawal and Counterfeit Currency

A customer of Wells Fargo is expressing her astonishment after the banking giant provided her with counterfeit money during a routine cash withdrawal. According to the ABC-affiliated news station WAPT, Kam Ridley visited a Wells Fargo branch in Mississippi to withdraw money and pay her bills. However, when she attempted to deposit the cash at Trustmark, her other bank, the ATM rejected her $100 bill. Confused, Ridley went inside the bank and spoke to a teller who informed her that the money from Wells Fargo was clearly fake. In response, Wells Fargo released a statement emphasizing its efforts to combat fraud through the scanning of paper money and collaboration with law enforcement officials. Despite this, the Office of the Comptroller of the Currency warns that customers who discover counterfeit money given to them by their bank may struggle to prove what happened. Recent reports have detailed instances of people across the US attempting to use counterfeit cash, including bleaching $1 bills and printing $100 marks on top. The US Secret Service revealed that it confiscated $21.8 million in counterfeit money last year, resulting in 197 arrests.

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