James Wurts, individually and on behalf of all others similarly situated v. Wells Fargo Bank, N.A.

District Court, E.D. New York·Decided July 16, 2026·No. 2:25-cv-05605·Unknown

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK -----------------------------------------------------------------X JAMES WURTS, individually and on behalf of all others similarly situated,

Plaintiff, MEMORANDUM AND ORDER v. 25-CV-5605-SJB-ARL

WELLS FARGO BANK, N.A.,

Defendant. -----------------------------------------------------------------X BULSARA, United States District Judge: Plaintiff James Wurts filed this action alleging that Wells Fargo Bank, N.A. (“Wells Fargo”) allowed cryptocurrency scammers to steal nearly $ 100,000 from him by maintaining easily exploitable systems and failing to recognize several red flags with his account. Wells Fargo has moved to compel arbitration pursuant to the terms of two arbitration agreements and to seal related exhibits. (Def.’s Mot. to Compel Arb. dated Nov. 14, 2025, Dkt. No. 41-1; Def.’s Mot. to Seal dated Jan. 8, 2026, Dkt. No. 43-1). Wurts opposes both motions. (Pl.’s Opp’n to Def.’s Mot. to Compel Arb. dated Dec. 18, 2025 (“Pl.’s Opp’n”), Dkt. No. 41-5; Pl.’s Opp’n to Def.’s Mot. to Seal dated Jan. 8, 2026 (“Pl.’s Mot. to Seal Opp’n”), Dkt. No. 45). For the reasons explained below, the motion to compel arbitration is granted, and the motion to seal is denied. FACTUAL BACKGROUND AND PROCEDURAL HISTORY Between January and June 2025, Wurts fell victim to a cryptocurrency investment scheme run by an unknown John Doe, who used an alias “Rocket Invest.” (Am. Compl. dated Oct. 7, 2025, Dkt. No. 6 ¶ 1). Doe asked Wurts to transfer funds from his Chase bank account to the cryptocurrency exchange, Coinbase. (Id.). When Wurts’s initial wire transfer attempt failed, Doe asked him to change banks to Wells Fargo, because “Wells Fargo and Citibank are very friendly to users who wire to Coinbase or other

cryptocurrency exchanges.” (Id. (cleaned up)). I. Application Process and Deposit Account Agreement As a general matter, to begin the online application process to open a Wells Fargo account, an applicant provides their social security number and mobile phone number. (Decl. of Brian McMahon (“McMahon Decl.”), attached to Def.’s Mot. to Compel Arb., Dkt. No. 41-2 ¶ 5). Wells Fargo then texts a One-Time Passcode (“OTP”)

to the applicant’s mobile phone, and the applicant is then prompted to enter the OTP to confirm that the person applying for the account is same person possessing the mobile phone. (Id.). After filling in additional personal details, applicants are taken to a page entitled “Terms and conditions,” where they are presented with two agreements: (1) an eSign agreement that provides Wells Fargo with authorization to use the applicant’s electronic signature, and (2) Wells Fargo’s Deposit Account Agreement (“DAA”). (Id.

¶ 8). On the “Terms and conditions” page, each of the agreements is hyperlinked, and when an applicant clicks the hyperlink, it takes them to the full text. (Id.). At the bottom of the page, the applicant can click either “Cancel” or “I agree.” (Id. ¶ 9). Immediately above the “I agree” button is the following text: “By selecting ‘I agree,’ I attest that I’ve read and agree to be bound by these terms and conditions. They contain terms governing electronic funds transfers, applicable fees, binding arbitration clauses, and waivers of class action rights.” (Id.). The DAA provides in relevant part: If you have a dispute with us, we hope to resolve it as quickly and easily as possible. First, discuss your dispute with a banker. If your banker or another Wells Fargo employee is unable to resolve your dispute, you agree that either Wells Fargo or you can initiate arbitration as described in this section.

Definition: Arbitration means an impartial third party will hear the dispute between Wells Fargo and you and provide a decision. Binding arbitration means the decision of the arbitrator is final and enforceable. A dispute is any unresolved disagreement between Wells Fargo and you.

Wells Fargo and you each agree to waive the right to a jury trial or a trial in front of a judge in a public court. This Arbitration Agreement has only one exception: Either Wells Fargo or you may still take any dispute to small claims court.

(2024 DAA, attached to McMahon Decl. as Ex. 4, Dkt. No. 41-2 at 38). On May 9, 2025, Wells Fargo received an online application to open two deposit accounts, a checking and a savings account, in Wurts’s name. (McMahon Decl. ¶ 11). The application process was initiated that day at 5:44 P.M. GMT from an iPhone and an IP address of 172.226.203.28. (Id.; Decl. of Aaron Hughes (“Hughes Decl.”), attached to Pl.’s Opp’n, Dkt. No. 41-6 ¶ 10). Wells Fargo texted an OTP to Wurts’s phone which was then entered into Wells Fargo’s system. (Suppl. Decl. of Kim Nelson (“Suppl. Nelson Decl.”), attached to Def.’s Reply, Dkt. No. 42-4 ¶ 12; Def.’s Reply in Supp. of Mot. to Compel Arb. dated Jan. 8, 2026 (“Def.’s Reply”), Dkt. No. 41-10 at 3 (noting there is no dispute that the phone number belonged to Wurts and citing an online source attributing the number to him)). After Wurts’s account was opened, Wells Fargo sent OTPs to the same phone number on several occasions, which were entered to confirm identity, including during online sessions when the account was used to make online wire transfers. (Suppl. Nelson Decl. ¶ 14; Online Activity Spreadsheet 1, attached to Suppl. Nelson Decl. as Ex. 1, Dkt. No. 41-12).

According to Wells Fargo’s audit log, Wurts clicked the “I agree” button at 5:47 P.M. on May 9, 2025, approximately three minutes after the online application process was initiated. (McMahon Decl. ¶ 11). Wurts, however, denies that he ever applied for a Wells Fargo account online—he claims he never filled out an online application, and never clicked “I agree” to any terms and conditions. (Decl. of James Wurts (“Wurts Decl.”), attached to Pl.’s Opp’n, Dkt. No. 41-7 ¶ 13). Rather, he alleges

that after cryptocurrency scammers directed him to change banks and open a Wells Fargo account, he went in person to a Wells Fargo branch with $ 1,000 in cash to open an account on May 23, 2025. (Id. ¶¶ 8–9). At the branch, no one told him that an account already existed in his name, so he believes that the branch staff simply deposited his $ 1,000 into the existing account, which was created using the same information he had provided to the scammers. (Id. ¶¶ 11–12). Wurts further alleges that the IP address from which the online application

process commenced is not his IP address. (Id. ¶ 15). His forensic expert, Aaron Hughes, researched the 172.226.203.28 IP address using the American Registry for Internet Numbers (“ARIN”), and found that the IP address belongs to Akamai Technologies. (Hughes Decl. ¶¶ 11–12; ARIN Search, attached to Hughes Decl. as Ex. 2, Dkt. No. 41-6). Hughes thought this “seemed out of place,” as “Akamai is known to be a content delivery network and cloud computing platform” and “the audit logs . . . show an iPhone mobile device being used.” (Hughes Decl. ¶ 13). Hughes ”would have expected the IP address to belong to the cellular or VPN provider used.” (Id.). To see if Wurts might be running a VPN service running through Akamai, Hughes asked Wurts

to use his phone with the VPN he uses—a VPN provided by his iPhone—enabled. (Id. ¶¶ 14–15). Wurts did so, and the IP address displayed was 172.59.210.228, an IP address belonging to his mobile carrier, T-Mobile, which Hughes says “is consistent with the expected behavior of a consumer using an iPhone with the built-in VPN feature.” (Id. ¶ 16; IP Address Screenshot, attached to Hughes Decl. as Ex. 3, Dkt. No. 41-6; ARIN Search, attached to Hughes Decl. as Ex. 4, Dkt. No. 41-6). Apple and

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James Wurts, individually and on behalf of all others similarly situated v. Wells Fargo Bank, N.A., (E.D.N.Y. 2026).

James Wurts, individually and on behalf of all others similarly situated v. Wells Fargo Bank, N.A. (James Wurts, individually and on behalf of all others similarly situated v. Wells Fargo Bank, N.A.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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