Lawsuit Says Wells Fargo Aided Alleged Film-Financing Fraud

Story written by Dena Aubin at Reuters

Wells Fargo has been hit with a lawsuit accusing it of aiding an alleged film financing fraud that purportedly caused more than $61 million in damages to investors in films featuring stars such as Pierce Brosnan and Mandy Moore.

The lawsuit was filed on Monday in a Florida state court by Vandermolen Film Co and Bridgeworks Media Capital, two British companies who allege that Wells Fargo helped convince them to put up short-term loans meant to attract matching funds for film production.

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Posted by: The Trust Advisor


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