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Wells Fargo: profiting from illegal immigration

One of the Big Four banks in the U.S., Wells Fargo was one of the first to seek to profit from illegal immigration. They sought to open bank accounts for illegal aliens and they've sought to give home loans to illegal aliens (see also mortgage mess). In 2008, WellsFargo bought Wachovia Bank which was arguably even more crooked.

Banks like Wells Fargo seeking profits from illegal activity relates to political corruption; see immigration banks for the details.

See also: Bank of America, Chase Bank, CitiBank, Bank of the West, American Bankers Association, Bank One, Cardinal Bank, Cathay Bank, and City National Bank.

Last modified Dec 20, 2011
Discussed in (click each link for the full post):

Center for American Progress corporate funders and immigration - 12/14/13

... bads" (see each link for more): Wells Fargo Walmart Bank of America Facebook Google (see Google corporate and Youtube corporate) Microsoft Corporation Comcast NBC Universal (owner of Telemundo and NBC News) Citigroup (see also CitiBank) Goldman Sachs American Beverage Association [3] Another on the list is the Federal Home Loan Bank of Dallas, part of the quasi-governmental Federal Home Loan...

Wachovia Bank admits laundering billions in illegal drug profits (+Bank of America; Wells Fargo) - 07/05/10

... money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers... The admission came in an agreement that Charlotte, North Carolina-based Wachovia struck with federal prosecutors in March... Wachovia admitted it didn’t do enough to spot illicit funds in...

Doug Irving /OCR, United Way help banks profit from illegally-earned money - 02/01/10

... American Bank, Union Bank and Wells Fargo. Please contact unitedwayoc.org/contact/contact.asp with your thoughts. Perhaps there's some way that their 501(c)3 status could be challenged due to this program.

"Bank on Los Angeles": city helps corrupt banks profit from illegal activity - 03/25/09

The City of Los Angeles recently announced a new public-private partnership called "Bank on Los Angeles" (bankonla.com) that's designed to help 10,000 low-income residents who don't have bank accounts ("the unbanked") open up accounts. It's also open to illegal aliens [1], and that means that Los Angeles City will be encouraging corruption by helping major banks profit from money that was earned...

Mark Weisenmiller/AFP's story about illegal aliens being robbed: planted to help banks? - 01/26/09

... an award from that government. Wells Fargo and the Texas Secretary of State were also involved, and all in a crooked scheme to profit from illegal activity while hiding behind an attempt to prevent crime. In addition to Brian Miller of the Austin PD and Elizabeth Watts of the Clearwater Florida PD, others quoted are Margarita Romo of Florida's Farmworkers Self Help and Cheryl Little of the...

San Francisco approves ID card; corruption in plain sight; Tom Ammiano? - 11/14/07

... accounts, said institutions such as Wells Fargo, Bank of America, Washington Mutual and US Bank had expressed interest in accepting the ID cards. Bank on San Francisco is a city partnership with the Federal Reserve Bank. Although criteria for opening bank accounts are set in part through the USA Patriot Act, "to our knowledge that law is not a bar to a municipal ID," said David Augustine,...

More proof GOP is corrupt, lacks differentiation from Democrats (Giuliani, Minuteman flyer) - 08/07/07

From this: Rudy Giuliani's southwest political director [Chris Gulugian-Taylor] left a top position [executive director] at the Nevada Republican Party last year after breaking rules by advertising a Minuteman border patrol rally in internal GOP e-mails. The notices publicizing a "Stop the Illegal Invasion" rally in October 2006 outraged some Hispanic Republicans in the state, who said they...

Pro-illegal immigration performance art (funding by Bank of America and Wells Fargo) - 03/21/07

... (canalalliance.org/AU_P_Don_Corp.shtml) include Bank of America and Wells Fargo, two banks that seek to indirectly profit from the fruits of illegal activity.

Wells Fargo considers credit cards for illegal aliens - 02/27/07

... that they're considering it. Wells Fargo vice president of regional banking communications Marge Rice says: "We are exploring the possibility of offering unsecured credit cards to Wells Fargo checking account customers who do not have Social Security numbers... Wells Fargo recognizes a great need for equal access to financial products and services for all customers who want to build credit,...

Wells Fargo knows many of its customers are illegal aliens - 02/14/07

... themselves are here illegally, Wells Fargo spokeswoman Trigg said, but the bank doesn't ask.

Jared Polis, Colorado Springs awarded by Mexican government (Ohtli award) - 12/02/06

... Hispanic Chamber of Commerce and Wells Fargo... the project was called Banca Facil - Easy Banking. In February 2001, APD Assistant Chief Rudy Landeros and Eliza May, Executive Director of the Greater Austin Hispanic Chamber of Commerce addressed the issue with Rick Burciaga, Chairman and CEO for Wells Fargo in Austin, encouraging Wells Fargo to participate in the outreach program. May...

Don't do business with Wells Fargo - 11/02/06

As detailed here many times, Wells Fargo bank has been a strong supporter of illegal immigration by letting illegal aliens open accounts. The site Embargo Wells Fargo has a handy round up of links about their activities.

Pahrump anti-illegal immigration ordinance; bucks rotting in the banks? - 10/12/06

... Clausen, regional president of Wells Fargo Nevada - and whose bank was among the first to accept the consular ID cards to open accounts - said not accepting the cards "would be a huge concern." Clausen said he would look to the bankers association for guidance and intends to let the group know that "there's a conflict here, we need to resolve it." And, of course, there's the expected bias:...

Wells Fargo and illegal activity - 07/20/06

... immigrants in the United States, and Wells Fargo Bank is not the only financial institution actively seeking the lucrative illegal market, they were the first. Together, their activities undermine the security of the United States... ...By earlier this year, Wells Fargo was boasting that it had opened 700,000 accounts with consular cards. Other financial institutions soon followed suit. Today...

remesamex.gob.mx features Bank of "America", Wells Fargo, and Western Union - 03/02/06

Continuing their slow marcha into the 19th century, Mexican officials have announced a new website that will go online in May. It's located at remesamex.gob.mx, and it's intended for Mexican citizens who are living in the U.S. Can you guess what it's about? If you've been following along, you're right!

Citibank "recruiting" illegal aliens for home loans - 02/06/06

... and Urban Development. ...Wells Fargo recently seized on the market, joining Citibank as the only nationwide banks offering tax-ID loans. Wells Fargo started its pilot tax-ID loan program in Los Angeles and Orange counties in December. Chuck Lemoine, a Wells Fargo senior vice president, said providing tax-ID loans is legal and that reaching out "is not only the right thing to do, it's good...

Wells Fargo gives home loans to illegal aliens - 01/25/06

... (very similar report here): Wells Fargo is first major California lender to offer home loans to illegal immigrants, 10News reported. "We're not required to ask the immigration status of any of our customers.

Killers target "immigrants", guess what happens next - 10/01/05

Illegal aliens in Georgia were the targets of a burglary spree, including five murders: "Police: Killers target immigrants". The killers reportedly spoke English, although if there is any clue to their race that hasn't been provided. Let's examine this paragraph and use that as a clue to what might happen next: Colquitt County Sheriff Al Whittington stressed that the attacks didn't appear to be...

Is corruption a Republican value? - 08/26/05

In a perfect world the Democrats would have a brain and would oppose illegal immigration.

Help Ben Kelly, Ben Baeder, and Jessica Langdon do their jobs - 08/21/05

Ben Kelly and Ben Baeder work for the San Gabriel Valley [CA] Tribune, which offers us "Bank's business plan spurs local protest".

Embracing corruption (Brian Grow, Business Week) - 07/10/05

... Indocumentados. Likewise with Wells Fargo, Bank of "America", Kraft Foods, and all the other companies mentioned in the article. Let them have the illegal alien market. Let the American market go elsewhere.

"Mexican residents gain ID benefits" - 05/20/05

There's so much wrong with this May 1 article from Oregon that I don't know where to start: For the first time in Ashland - and with no questions about immigration status - Mexican-born residents of the valley flocked to get a highly valued card called the matricula consular, a secure ID card that enables them to open bank accounts, get a driver's license and start on the road to work and legal...

"New ID Cards Help Immigrants Keep Their Money Safe" - 09/30/04

... paragraphs deleted ...] "Before Wells Fargo came, they were using unconventional ways of sending money back to Mexico, and it was high risk," said Henry Moreno with the Austin Police Department. "The people are not carrying around a lot of money now." ...The additional banking service is possible because of an agreement between Wells Fargo and the Banorte Financial Group in Mexico. Even...

Opponents of 'Protect Arizona Now': funded by a check-cashing firm - 07/08/04

The 'Protect Arizona Now' initiative seeks to limit illegal immigration by requiring proof of citizenship before voting or receiving some public handouts.

"Mexican ID opens doors for undocumented workers in U.S." - 02/21/03

... charge that the banks [such as Wells Fargo, Bank of America and Bank One] are tossing aside U.S. national security concerns in a rush for profits. "We have to be very careful that our own citizens ... are not simply enticed into trying to find ways around the law simply because it may be monetarily rewarding," said Rep. Nathan Deal, R-Ga., a member of the House Immigration Reform Caucus. Isn't...