Wells Fargo, MS ‘Co-Branding’ Agent Facing Suit Over Credit Card Fraud Scheme

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A Mississippi man has filed a proposed class action against Wells Fargo, N.A., “co-branding” agent Mississippi Iron Works, Inc. and its owner that alleges the parties are operating a fraudulent financing scheme wherein they signed consumers up for “Wells Fargo Visa Home Projects” credit cards without authorization to do so. The lawsuit claims the scheme is “yet another example” of Wells Fargo’s fraud scandal seeping its way into “nearly every consumer product-line [the bank] and its co-branding agents have pushed onto an unsuspecting public.”

The plaintiff claims the supposedly unauthorized Wells Fargo credit cards are used to finance purchases of window and door products from defendant Mississippi Iron Works. The individual defendant, the complaint notes, serves as not only the owner of Mississippi Iron Works, but also as the door-to-door salesman who allegedly sold and completed transaction documents at issue in the lawsuit.

According to the suit, Mississippi Iron Works and the individual defendant began canvassing the plaintiff’s neighborhood in early September 2014 to financially capitalize on the home invasion and robbery of an elderly couple that took place a month prior. At the conclusion of the plaintiff’s meeting with the individual defendant, the plaintiff says he agreed to buy “three custom security doors, a set of double doors, and installation of ‘security screens’” for his home. From here, the case alleges the plaintiff “never saw, never was provided, nor did he ever sign” any application for a Wells Fargo Visa Home Projects credit card. From the lawsuit: