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In December 2008, more than 740,000 consumers began receiving $149 checks that were part of a $150 million settlement agreement with Wachovia Bank over telemarketing fraud. The checks, received from a federal court in Pennsylvania, were mailed out beginning on December 11, 2008. The Better Business Bureau was assuring consumers who got the checks that they were indeed legitimate and could be cashed.CNN: Wachovia settlement checks real, Better Business Bureau says
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Fast Facts
- Checks in the amount of $149 each were mailed out beginning on December 11, 2008CNN: Wachovia settlement checks real, Better Business Bureau says
- U.S. attorney's office for the Eastern District of Pennsylvania says 742,000 consumers received the checksCNN: Wachovia settlement checks real, Better Business Bureau says
- Checks were part of Wachovia Bank settlement over telemarketing fraudCNN: Wachovia settlement checks real, Better Business Bureau says
- Wachovia agreed to pay for customers who placed product orders with telemarketers between between 2003 and 2007CNN: Wachovia settlement checks real, Better Business Bureau says
- Orders were paid for with electronic checks; telemarketers cashed checks without signatures on themCNN: Wachovia settlement checks real, Better Business Bureau says
- Several lawsuits were filed claiming Wachovia knew telemarketers were using the unsigned checksAPP.com: Wachovia sending $150 million to victims of telemarketing fraud
- Federal regulators set up the website www.restitutionpayment.com to address consumers' questions
- Consumers can also call the toll-free number 1-866-680-6659 for more information
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Quote
"These checks are legitimate and consumers who receive them can safely deposit the check in their banking account or cash the check at a Wachovia branch."— Tom Bartholomy, Better Business Bureau President in Southern Piedmont, Charlotte, North CarolinaCNN: Wachovia settlement checks real, Better Business Bureau says -
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The Mahalo Top 7
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Restitution Settlement Payment: Website for Wachovia Settlement
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The New York Times: Papers Show Wachovia Knew of Thefts
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CharlotteObserver.com: Settlement check's safe to deposit, BBB says
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APP.com: Wachovia sending $150 million to victims of telemarketing fraud
app.com (December 11, 2008) -
Internatonal Herald Tribune: Big fine set for Wachovia to end case
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CNN: Wachovia settlement checks real, Better Business Bureau says
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Bloomberg.com: Wachovia to Pay $144 Million in Telemarketing Case
bloomberg.com (April 25, 2008)
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Restitution Settlement Payment: Website for Wachovia Settlement
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Questions and Answers About Wachovia Settlement Checks | View All | Ask a Question
View All Wachovia Settlement Checks Questions (1493) | Ask a QuestionDoes Wachovia have a new stock ticker symbol since the merger with Wells Fargo? The WB does not work anymore. (2 Answers)The ticker has been pulled from the market as the company goes through the merger. The only thing that still works are their preferred stock tickers. However, even these will ... read moreWill the Pfizer fraud settlement prevent other similar fraud cases? (2 Answers)In the short-term, I would think that this settlement would actually INCREASE similar cases – not because companies would engage in new actions along these lines, but more that lawyers ... read moreRebate checks? (1 Answer)check out the website you might find the answer. sorry about that coz i couldnt find better answer read moreIs a check a contract? (10 Answers)Hmmm... I'd wait a few weeks before cashing it. As for the person who wrote your check, you might want to ask why you need to wait several weeks. If ... read more
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