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90-Year-Old Reclaims $814K After Bank Fraud Scandal

2/3/2026

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Story summary
  • Irving Rosenberg, a 90-year-old resident of Los Angeles, lost $814,000 in life savings to unauthorized withdrawals from his Wells Fargo & Company account.
  • The fraud began in April.
  • Rosenberg did not authorize any checks.
  • Wells Fargo & Company initially denied reimbursement due to a 60-day reporting rule.
  • Following intervention by Rosenberg's family and the news outlet 7 On Your Side, Wells Fargo & Company agreed to return the funds.