The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Wells Fargo Refuses To Reimburse College Student After $4,400 Drained From His Bank Account – And Now He Has To Work Two Jobs To Cover the Loss: Report

by Alex Richardson
August 23, 2025
in Money, Scams, Hacks & Breaches

Wells Fargo is telling a 21-year-old who lost everything to a scam that he’s on his own, despite speaking with someone who appeared to call from the bank’s phone number.

Kaleb Richardson says he received a phone call from someone with a Wells Fargo number who told him that an unauthorized transaction had taken place on his account, FOX26 reports.

[adinserter block="1"]

“I had gotten a call from a Wells Fargo number, and they told me there was a purchase in California for $899… Asked if I authorized this transaction, I said no.”

Kaleb’s dad, Fred, explains that in order to secure his account, the bank needed to “do some things.”

Kaleb says he was instructed to send all his money, $4,400, to his Apple Wallet.

The caller supposedly created a “virtual card” for Kaleb, but in reality, his money was stolen, leaving him with nothing.

Says Fred,

“I feel sorry for my son… He’s a great kid, a strong-minded individual, a God fearing child, and a great student.”

Wells Fargo will not reimburse the college student, who is now working two jobs to make up for the losses. In a statement, the trillion-dollar bank said it “empathized” with Kaleb and others who fell victim to similar scams.

“We deeply empathize with those affected by financial scams. Preventing scams is a priority for us. We have taken considerable action to combat criminals, including ongoing education efforts to raise awareness of common scams – as an informed consumer is the strongest defense.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • Sui News: Cumberland, Fluid, and SwissBorg Join Institutional Coalition on Hashi Ahead of July Global Testnet
    June 23, 2026
  • Bitcoin Suisse Receives MiCAR License and Launches European Expansion
    June 23, 2026
  • MyTonWallet Rebrands to My Wallet After Expanding to 11 Blockchains
    June 23, 2026
  • PremiumBlock Launches Non-Custodial Risk Hub for User-Created Prediction Markets, Perps and Web3 Poker
    June 19, 2026
  • Playnance’s GCOIN to List on KoinBX Following Rapid Community Growth in India
    June 18, 2026
  • Stratosphere, Pudgy Penguins and Streamex Host Founders Table VIP Dinner During ETHConf 2026 and NYC Tech Week
    June 18, 2026
  • Eldora Opens 280+ Tokenized US Stocks to 85+ Countries, Launches $20,000 Campaign
    June 18, 2026
Submit a Guest Post
ADVERTISEMENT

Spotlight

  • Scammers Drain $10,000 in Crypto After Duping Victim With Fake Job Opportunity: Report
    June 22, 2026
  • Hacker Strikes Texas Government Department, Stealing Personal Data From 3,000,000 People – Driver’s License and Passport Info Exposed
    June 23, 2026
  • Florida Senior Abruptly Loses Nearly $4,000 in Bank Imposter Zelle Scam
    June 22, 2026
  • Intercontinental Exchange Partners With Crypto Exchange OKX To Operate as US Broker Dealer; Andrew Cuomo To Co-Chair Joint Venture
    June 23, 2026
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl