My question involves personal finance in the State of: Texas
Ok, this is what is going on! My son has been married for 3 1/2 years. Around xmas time his wife's grandmother passed. They traveled from MT where is in in the Air Force for her funeral in Texas. While my soon to be ex-daughter-in-law opened a wells fargo acct in his name. We have spoken to wells fargo and they have the paperwork that shows she opened at a branch and that his signature was not obtained. Meanwhile, his wife stole checks from her dead grandmother...and deposited them into the account. Pay to the order of ..was left blank...no endorsement signature on the back of check. The total amount was $5000 in 2 checks each $2500. They were returned as acct closed to wells fargo. Here's where it concerns me...The grandmother's checks were from the "Family" bank. They own the bank...the president is the grandmother's son. They knew they were forgeries...but did not report them as so to either wells fargo or the local police. Now my son has been flagged for fraud in the banking system. Wells Fargo has been very nice and their legal is looking into the acct was opened without his signature, but they had no idea the returned checks were actually forgeries. I feel like the Family bank swept the forgeries under the rug by returning the checks as acct closed ....when they knew that fraud and forgery was committed by part of the family. Now my son is paying the price. Wells Fargo said it will probably take 6 months to clear his name...he's in the Air Force...with direct deposit as the only option for pay, and he's now flagged in the banking system? How much responsibility does the family bank have for not reporting one of it's own?