This was their way of business. What a shame!
Let’s wait on the justice system …. without holding our breath!
Why is it important to peg when upper management knew about this practice of bogus accounts being created by Wells Fargo employees while under pressure to meet unrealistic cross selling goals? Wells Fargo’s executives are attempting to paint the picture that this scandal dates back to 2011 even though the CEO testified at the Senate Banking hearing on 9/20/16 that the company staff is reviewing customer accounts going back to 2009. With my research, I can demonstrate that this practice was known by Wells Fargo’s top brass at least by 2006. Mr. John Stumpf, Wells Fargo’s CEO has served as its president from 2005 to 2015.
On 9/26/16, Matt Egan exposes evidence that Wells Fargo’s customer bogus accounts scandal dates back to a much earlier time than 2011. Here are some excerpts from his CNN Money article, “Wells Fargo workers: Fake accounts began years ago:”
These practices were going on…
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