Forrest Craig McConley v. Wells Fargo Bank, N.A.; Wells Fargo Clearing Services, LLC, d/b/a Wells Fargo Advisors, LLC

CourtDistrict Court, N.D. Florida
DecidedOctober 15, 2025
Docket4:24-cv-00484
StatusUnknown

This text of Forrest Craig McConley v. Wells Fargo Bank, N.A.; Wells Fargo Clearing Services, LLC, d/b/a Wells Fargo Advisors, LLC (Forrest Craig McConley v. Wells Fargo Bank, N.A.; Wells Fargo Clearing Services, LLC, d/b/a Wells Fargo Advisors, LLC) is published on Counsel Stack Legal Research, covering District Court, N.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Forrest Craig McConley v. Wells Fargo Bank, N.A.; Wells Fargo Clearing Services, LLC, d/b/a Wells Fargo Advisors, LLC, (N.D. Fla. 2025).

Opinion

Page 1 of 26 IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF FLORIDA TALLAHASSEE DIVISION FORREST CRAIG MCCONLEY,

Plaintiff, vs. Case No. 4:24cv484-MW-MAF WELLS FARGO BANK, N.A. WELLS FARGO CLEARING SERVICES, LLC, d/b/a WELLS FARGO ADVISORS, LLC, Defendants. ____________________________/ REPORT AND RECOMMENDATION

Plaintiff, who is pro se in this action, filed an amended complaint. ECF No. 24. Plaintiff paid the filing fee for this case. ECF No. 3. Defendant Wells Fargo Bank, N.A., filed a motion to dismiss, ECF No. 28, and the remaining two Defendants filed a separate motion to dismiss, ECF

No. 31. Plaintiff filed an omnibus response in opposition to both of the motions to dismiss. ECF No. 35. The motions are ready for a ruling. Page 2 of 26 Allegations of the Amended Complaint, ECF No. 24 Plaintiff is an architect and general contractor. ECF No. 24 at 2. He

contends that in March of 2015, Wells Fargo Bank, N.A. [hereafter “Bank”] created a “command account” using Plaintiff’s personal and corporate profile (Pawnee Properties, LLC). Id. at 4. The account was allegedly

fraudulently created in Plaintiff’s name “to portray a banking relationship with Plaintiff to defraud potential investors.” Id. at 4-5. The “command account” was then used by Wells Fargo Advisors to open a fraudulent “trading account.” Id. at 5. Plaintiff says that those actions were taken

without his “authorization or knowledge” and resulted in defrauding multiple investors of millions of dollars. Id. Plaintiff contends that the Bank utilized a “forged signature” to create the account and Plaintiff was unaware of the account’s existence. Id. at 5-6.

At some point near “the end of 2015,” the Bank’s compliance officer “red-flagged” the accounts and ordered the closing of all accounts in Plaintiff’s name, “but not until the damage was already done to Plaintiff.”

Id. at 6. Plaintiff contends he was never contacted or made aware of the issue by the compliance department. Id.

Case No. 4:24cv484-MW-MAF Page 3 of 26 As a result of those events, “Plaintiff was reported on various national and international banking systems, including but not limited to Global

Security and CHEXsystems which caused Plaintiff’s banking relationships to be terminated at all levels, locally and internationally.” ECF No. 24 at 6- 7. In addition, Bank of America canceled all of Plaintiff’s credit lines, credit cards, lines of credit, recalled his mortgage, and closed all savings and

checking accounts. Id. at 7. “American Express also closed all credit accounts, and saving and load accounts.” Id. “Tallahassee State Bank also closed all it’s similar related accounts.” Id. Plaintiff claims he could

not establish new banking relationship and was unable to function as an architect or general contractor. Id. Plaintiff alleged suffering “extensive injuries,” id. at 7, and said his personal and professional reputations were “totally destroyed.” Id. at 8. One identified harm was the cancellation of

development projects, including “The Legacy Hills Project” in Bulgaria1 which “was valued and approved for $120 million.” Id. at 7-8. Plaintiff said he “was unable to salvage any current or immediate future contracts.” Id.

at 7.

1 Contrary to that allegation, the initial complaint alleged that Plaintiff lost the right to build the “American English Academy” in Sofia, Bulgaria. ECF No. 1 at 4. Case No. 4:24cv484-MW-MAF Page 4 of 26 Importantly, Plaintiff acknowledges that his claims “arise under” a theory of respondeat superior liability or vicarious liability. Id. at 3. He

alleged that because of the Defendants’ “action and/or inaction,” he suffered injury in the loss of over $100,000,000.00 in “present and future income.” Id. at 4. Plaintiff attributes the “brazen acts of fraud, theft, and negligence” to “systemic defects” in the way the Defendants “manage,

train, supervise, hire, reward, and punish their employees.” Id. at 8-9. The amended complaint asserts the following claims: (1) Count I - identity theft; (2) Count II - negligent failure to warn; (3) Count III - negligent

training; (4) Count IV - intentional mental distress; (5) Count V - intentional infliction of emotional distress; and (6) Count VI - defamation. Id. at 10-15. As relief, Plaintiff seeks $100,000,000.00 in compensatory as well as punitive damages, and “lost wages.” Id. at 17.

Finally, it appears that Plaintiff was anticipating a statute of limitations defense2 as Plaintiff alleged that testimony during a court proceeding on April 25, 2022, revealed information about Plaintiff’s personal and business

profile and the Wells Fargo accounts. Id. at 15-16. A year later, on April 2 Plaintiff requested permission to amend his original complaint after Defendant Wells Fargo Advisors filed a motion to dismiss, ECF No. 16. ECF No. 22. That motion to dismiss, however, did not argue the statute of limitations defense. Case No. 4:24cv484-MW-MAF Page 5 of 26 27, 2023, Defendants provided account information to Plaintiff, which Plaintiff alleged he did not fully understand until he consulted with “a few”

attorneys on August 12, 2024. Id. at 16. Standard of Review Both motions to dismiss were filed pursuant to Federal Rule of Civil

Procedure 12(b)(1) and 12(b)(6). ECF Nos. 28, 31. In ruling on a Rule 12(b)(6) motion, the Court must determine whether a complaint alleges “enough facts to state a claim to relief that is plausible on its face.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570, 127 S. Ct. 1955, 1974, 167 L. Ed. 2d

929 (2007). Detailed factual allegations are not required, but Plaintiff must provide “more than labels and conclusions, and a formulaic recitation of the elements of a cause of action will not do.” Twombly, 550 U.S. at 555, 127 S. Ct. at 1964-65. Furthermore, the facts of a well-pleaded complaint must

be accepted as true and the case should proceed even if it appears “that actual proof of those facts is improbable, and ‘that a recovery is very remote and unlikely.’” 550 U.S. at 556, 127 S. Ct. at 1965 (citations

omitted). The pleading standard is not heightened, but flexible, in line with Rule 8’s command to simply give fair notice to the defendant of the plaintiff’s Case No. 4:24cv484-MW-MAF Page 6 of 26 claim and the grounds upon which it rests. Swierkiewicz v. Sorema, 534 U.S. 506, 122 S. Ct. 992, 998, 152 L. Ed. 2d 1 (2002) (“Rule 8(a)’s

simplified pleading standard applies to all civil actions, with limited exceptions.”). Pro se complaints are held to less stringent standards than those drafted by an attorney. Wright v. Newsome, 795 F.2d 964, 967 (11th Cir. 1986) (citing Haines v. Kerner, 404 U.S. 519, 520-521, 92 S. Ct. 594,

596, 30 L. Ed. 2d 652 (1972)). Nevertheless, a complaint must provide sufficient notice of the claim and the grounds upon which it rests so that a “largely groundless claim” does not proceed through discovery and “take

up the time of a number of other people . . . .” Dura Pharmaceuticals, Inc. v. Broudo, 544 U.S. 336, 125 S. Ct. 1627, 161 L. Ed. 2d 577 (2005) (quoted in Twombly, 550 U.S. at 558). In other words, a motion to dismiss considers the legal sufficiency of a complaint, but does not determine

whether the Plaintiff will ultimately prevail. Swierkiewicz v. Sorema N. A., 534 U.S. 506, 511, 122 S. Ct.

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Forrest Craig McConley v. Wells Fargo Bank, N.A.; Wells Fargo Clearing Services, LLC, d/b/a Wells Fargo Advisors, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/forrest-craig-mcconley-v-wells-fargo-bank-na-wells-fargo-clearing-flnd-2025.