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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.”

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