
Wells Fargo is on the hook for hundreds of millions of dollars after a jury in Florida found the bank charged unauthorized fees and mishandled a trust fund established for minors. The law firm representing the Seminole Minors Per Capita Payment Trust, a trust fund set up by the Seminole Tribe of Florida to safeguard the financial futures of around 2,000 children, says Wells Fargo is set to pay $825 million in damages and over $7 million compensation for the unauthorized fees charged. The lawsuit accused Wells Fargo and eight of its executives of breaching fiduciary duty to the tribe and its children. The eight Wells Fargo executives were ordered to individually pay token damages of between $50 to $500. According to the plaintiffs’ lawyer, Wells Fargo relationship manager Kim Scott confessed to the bank’s wrongdoing during cross-examination “…Scott admitted Wells Fargo knowingly mismanaged funds, maintained inadequate records, and collected millions in unauthorized fees. Scott also revealed he had never fully reviewed the Trust’s governing documents, despite managing one of the bank’s largest accounts.” Wells Fargo was fired as the trust fund’s trustee in 2016 after officials of the Seminole Tribe conducted a review of the rate of returns. Wells Fargo’s investment strategy reportedly resulted in returns that barely kept pace with inflation. The leaders of the Seminole Tribe also questioned illegal fees amounting to $7.6 million that Wells Fargo had charged the trust. Following the jury verdict, Wells Fargo says it will appeal. A spokesperson for Wells Fargo’s Wealth and Investment Management department, Meghan McDonald, says. “We followed the [Seminole] Tribal Government’s clear and repeated instructions about the management of the trust, abided by our fiduciary duty, and delivered financial results consistent with the Trust’s mandate for the children of the Tribe during our time as Trustee. Our goal for the appeal is to address multiple courtroom rulings that we believe prevented us from sharing the full story with the jury.” The Seminole Minors Per Capita Payment Trust was set up two decades ago with the sole trustee being Wachovia Bank, which Wells Fargo acquired in 2008. The trust derived its resources primarily from the Tribe’s gaming enterprises. Currently, estimates place the trust’s assets at nearly $3 billion. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Wells Fargo Ordered To Pay $832,000,000 in Damages After Jury Finds Lender Mismanaged and Charged Unauthorized Fees on Trust Fund for 2,000 Children appeared first on The Daily Hodl .
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Are Sui and Sei Poised for Another Breakout Rally? Key Insights into Their Price Movements

Cryptocurrency markets are always buzzing with potential. Sui and Sei have recently drawn significant attention due to their price dynamics. Curious about which coins might see a surge next? This article dives into the latest trends and key insights, hinting at possible breakout rallies for these digital assets. Stay tuned for an in-depth look. SUI Coin Insights: Price Trends and Key Levels for Trading SUI price changes over recent timeframes show a steady decline with a one-week drop of 2.31%, a one-month loss of 3.63%, and a half-year fall of 5.95%. The downward movement reflects persistent selling pressure with gradual erosion in value. This trend indicates a bearish sentiment over the longer term without any sudden spikes, marking a period of consolidation and cautious market behavior. The coin currently trades between $1.74 and $3.03, with key support near $1.21 and first resistance around $3.78. Technical indicators show a slight bearish tilt, providing mixed signals from momentum measures. Trading opportunities may arise near the support level, while short sellers could consider the resistance area as a potential exit point. Sei Price Dynamics: Past Declines and Key Levels in Focus SEI recent performance shows a one-week gain of 2.8%, a one-month drop of 9.82%, and a six-month decline of 65.39% The price has faced strong downward pressure over the longer term, reflecting a challenging environment in the past half-year, while the last week has brought some slight easing. Current trading sees prices ranging from $0.135 to $0.242, with nearest support at $0.10 and resistance at $0.31. Bears appear to have the upper hand with a mixed trend. The setup invites trades within these levels, with caution needed near the second resistance at $0.42. Conclusion Both SUI and SEI show potential for another rally. Their price actions indicate possible upward movements. Strong support levels have been observed for both coins. Technical indicators also suggest positive momentum. Market conditions and investor interest will play a crucial role. Keeping an eye on trading volumes can provide further insights. Buyers might consider favourable entry points for both SUI and SEI. However, it`s essential to monitor any market shifts closely. Future developments and news can impact their trajectories significantly. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. The Daily Hodl

Star Hedge Fund Manager On 9-Year Hot Streak Reaps Massive Profits On Trump Bets: Report
British-American investment management firm BlueCrest Capital is reportedly sitting on massive gains after its owner – billionaire Michael Platt – took a bet on the new White House administration. Citing “people with knowledge on the matter” who asked not to be identified, Bloomberg reports that BlueCrest is up 20% on the year already, while taking into account fees and expenses. Platt reportedly used aggressive amounts of leverage to exploit the extreme volatility triggered by President Trump’s trade war, with BlueCrest now on track to complete a decade of consecutive returns. BlueCrest returned capital to outside investors, turning the firm into a privately owned and managed family office, so its exact assets under management (AUM) is unclear – though court documents show that BlueCrest held $3.9 billion in 2022. According to Forbes , Michael Platt is Britain’s richest hedge fund manager, worth about $18.8 billion as of December 2024, and currently stands with only a select few who have managed to profit in 2025 despite the global market sell-off induced by President Trump. Billionaire Warren Buffett also recorded billions of dollars in gains this year, upping his net worth over $11.5 billion this year alone, and his gains come despite this month’s sell off, which reduced Buffett’s 2025 winnings by $14.5 billion. Buffett, who is now ranked fourth among global billionaires, is one of only two in the top 20 that grew richer this year. He’s alongside L’Oreal heiress Francoise Bettencourt Meyers, who has added $1.8 billion. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Star Hedge Fund Manager On 9-Year Hot Streak Reaps Massive Profits On Trump Bets: Report appeared first on The Daily Hodl . The Daily Hodl