5,300 Wells Fargo employees fired for creating over 2 million phony accounts
— Everyone hates paying bank fees. But imagine paying fees on a ghost
account you didn't even sign up for. — That's exactly what happened
to Wells Fargo customers nationwide . . . . . . On Thursday, federal regulators said Wells Fargo employees secretly
created millions of unauthorized bank and credit card accounts --
without their customers knowing it -- since 2011. The phony accounts earned the bank unwarranted fees and allowed
Wells Fargo employees to boost their sales figures and make more money.
"Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses," Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement.
Wells Fargo confirmed to CNNMoney that it had fired 5,300 employees over the last few years related to the shady behavior. Employees went so far as to create phony PIN numbers and fake email addresses to enroll customers in online banking services, the CFPB said.
"Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses," Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement.
Wells Fargo confirmed to CNNMoney that it had fired 5,300 employees over the last few years related to the shady behavior. Employees went so far as to create phony PIN numbers and fake email addresses to enroll customers in online banking services, the CFPB said.
Speaking of fraud... The Clinton Foundation helps people. The Trump Foundation pays off Attorney Generals to dismiss fraud charges.
ReplyDeleteNo one knows how much money goes to the Clinton Foundation . . . . no one. Turns out she did not include foreign money in their balance sheets and IRS reporting.
DeleteApparently you don't think that is fraudulent.
How about allocating 15 to 20 of the funds taken in by this "charity" and the rest goes into the pockets of the rich and famous . . . . don't think that is fraud? Geeeesh.
Finally, tere isn't a "Trump Foundation." Trump paid a fine for his digressions with Bondi. Hillary is still racking in the money. The two scandals are hardly equal.