![]() The way it worked was that employees moved funds from customers' existing accounts into newly-created ones without their knowledge or consent, regulators say. An analysis conducted by a consulting firm hired by Wells Fargo concluded that bank employees opened over 1.5 million deposit accounts that may not have been authorized. ![]() Related: Who owns Wells Fargo? You, me and Warren Buffett 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 confirmed to CNNMoney that it had fired 5,300 employees over the last few years related to the shady behavior.
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