The Democratic National Committee wired nearly $29,000 to an email scammer pretending to be its own chairman, a loss that surfaced in federal records as the party already struggles under crushing debt and mounting calls for new leadership. A DNC staffer sent $28,860.92 to an unknown fraudster who impersonated newly installed Chairman Ken Martin via […] The post DNC fell for email scam, lost nearly $29,000 to fraudster posing as Chairman Ken Martin appeared first on American Almanac .
The Democratic National Committee wired nearly $29,000 to an email scammer pretending to be its own chairman, a loss that surfaced in federal records as the party already struggles under crushing debt and mounting calls for new leadership. A DNC staffer sent $28,860.92 to an unknown fraudster who impersonated newly installed Chairman Ken Martin via email in February 2025, just weeks after Martin took over the party apparatus. The committee caught the error "within minutes," Breitbart News reported , citing federal records and party official interviews first published by NOTUS. The DNC reported the incident to its bank, Wells Fargo, and recovered $7,000, leaving the party short more than $21,000 from a single phishing email. The staffer…Open
HOUSTON, TX — Representatives for Wells Fargo explained to local customer Jim Stephens that they did give all of the money in his checking account to a random hobo, but the company would make things right by coming to Jim's house to murder him and his family.
Major U.S. banks have reported record profits despite ongoing inflation and economic pressures tied to the war with Iran and disrupted trade in the Strait of Hormuz.
Major U.S. banks have reported record profits despite ongoing inflation and economic pressures tied to the war with Iran and disrupted trade in the Strait of Hormuz. PULSE POINTS WHAT HAPPENED: America’s largest banks reported a combined $43 billion in second-quarter profits, exceeding analysts’ expectations despite ongoing conflict with Iran, persistent inflation, and broader economic uncertainty. JPMorgan Chase led the group with $21 billion in profit, boosted by a $4.6 billion gain tied to its stake in Visa, as well as strong investment banking activity driven by mergers, acquisitions, and artificial intelligence (AI) financing deals. DETAIL: Goldman Sachs earned $6.6 billion, while Bank of America posted $9 billion on strong…Open
The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.
Some of the nation’s largest banks are reportedly exploring a deal that could allow them to sidestep debit card fee limits imposed under the Obama administration, reopening a long-running fight over government regulation of the payments industry. The Wall Street Journal reported Monday that JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services have held preliminary discussions about acquiring a debit payments network owned by fintech company Fiserv. According to the Journal, ownership of the network could allow the banks to avoid interchange fee caps created by the Durbin Amendment, a provision of the 2010 Dodd-Frank Act. BREAKING: Banks including JPMorgan, Bank of America, and Wells Fargo are in talks acquire a…Open
Americans are still showing up for mom this Mother's Day — but with more budgeting, bargain hunting and strategic splurging as "momflation" pushes up the cost of flowers , brunch and gifts. Why it matters: Mother's Day is becoming a snapshot of the modern U.S. consumer economy : Even as shoppers complain about inflation and rising prices , many are still willing to spend on special occasions — just more selectively. - Americans appear increasingly willing to trade down, not opt out. By the numbers: Consumer spending on Mother's Day is expected to hit a record $38 billion this year, according to the National Retail Federation , up from the previous record of $35.7 billion set in 2023. - Flowers remain the most popular gift category,…
Cocoa prices have plunged from last year's record highs — but shoppers are still paying more for Easter chocolate , Wells Fargo says. Why it matters: Once food companies raise prices, they're slow to bring them back down when ingredient costs fall — even as consumers are expected to spend a record $24.9 billion on Easter this year, according to the National Retail Federation . State of play: Major chocolate companies raised prices by up to 20% during the cocoa spike in 2024-2025, per a Wells Fargo Agri-Food Institute report. - For Easter, prices are up again — with chocolate costing shoppers about 14% more year over year in early 2026, according to Datasembly data. - Over the past five years, the cost of a full Easter basket has…