• Sat. Dec 9th, 2023

Wells Fargo Business Account Secured Following Alleged Takeover by Theft Ring


Nov 20, 2023

Robert Branagh, a long-time Wells Fargo business account holder, has become the latest victim of unauthorized withdrawals and transfers totaling just under $150,000. He was able to recover about $24,000 that was illegally transferred from his Volusia County business account to a personal account. However, he is still frustrated and confused about who authorized the transfers.

According to bank records, the first breach took place on Aug. 17 but was not noticed until Aug. 29 after a total of $149,296.48 was taken in a series of withdrawals. A final withdrawal of $10,000 was taken out of Branagh’s business account on Aug. 28 and later $530 dollars were taken out of his daughter’s account on Aug. 29.

A representative from the U.S. Secret Service Orlando office suggested that the account may have been tested by a potential buyer of stolen accounts as the small withdrawals suggested a test to see if the account was active which escalated to a flurry of larger withdrawals totaling just under $150,000. Therefore, they encourage anyone with a checking or savings account to check their accounts every day and report any suspicious activity immediately to local law enforcement or the U.S

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