Wells Fargo scandal explained Wells Fargo's fake accounts have been around a long time. Almost a dozen Wells Fargo (WFC) workers told CNNMoney that the shocking tactic -- where employees opened unauthorized accounts to meet unrealistic sales goals -- has been around much longer than the bank ...
Wells Fargo Scandal In California, eight Wells Fargo employees were convicted of committing fraud facing a maximum penalty of 30 years in federal prison, also each employee is charged with at least one count of aggravated identity theft, which carries another two years in prison (https://www.ju...
Taking a comprehensive view of the 2016 Wells Fargo "fake accounts" scandal, the authors detail the bank's legal, ethical, management, and social responsibility transgressions. Civil and criminal charges are explored鈥攕ome of which have been settled. Ethical and immoral aspects are examined in ...
Wells Fargo increases estimate of impacted accounts to 3.5 million By Alexa Lardieri | Aug. 31, 2017, at 11:14 a.m. Save More Wells Fargo: 3.5M Accounts Possibly Fake More Matt Rourke|AP Wells Fargo discovered an additional 1.4 million accounts affected by its scandal Afte...
The scope of Wells Fargo's fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers' permission between 2009 and 2016. CNN Newsource Wells Fargo a
A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal.
Wells Fargo scandal explained Wells Fargo is catching even more heat for alleged bad behavior, this time from the powerful SEC. The Securities and Exchange Commission's investigation was revealed by Wells Fargo in a regulatory filing Thursday. It joins an increasingly-long list of government ...
Wells Fargo (WFC) chief financial officer said efforts by states to penalize its business over an unauthorized-accounts scandal would not affect third-quarter earnings “much,” the Wall Street Journal reported, citing a recording of an internal call. John Shrewsberry was recorded as saying the ...
California's treasurer suspended some of its business with Wells Fargo following the bank's fake account scandal. The move could cost the company billions of dollars. John Blackstone reports.
Wells Fargo spokesman Peter Gilchrist declined to comment on Friday. The San Francisco-based bank has been beset by scandals over its sales practices since agreeing in September 2016 to pay $190 million to settle government claims that it created the customer accounts without permiss...