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Wells Fargo accused of opening fraudulent accounts to meet quotas!

 
Anonymous Coward
User ID: 13127957
United States
05/06/2015 06:58 PM
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Wells Fargo accused of opening fraudulent accounts to meet quotas!
I cannot believe they did this!!!

[link to www.upi.com]

Employees allegedly opened bank accounts without customers' permission in order to reach sales quotas, a lawsuit accusing the bank of fraud says.

The lawsuit, filed Monday in Los Angeles County Superior Court, accuses Wells Fargo of encouraging bankers to engage in illegal sales tactics in order to meet "unreachable goals."

"As a result, Wells Fargo's employees have engaged in unfair, unlawful and fraudulent conduct, including opening customer accounts and issuing credit cards without authorization," the lawsuit, filed by Los Angeles city attorney Michael Feuer, said.









Someone is going to go to jail for this!!!
Anonymous Coward (OP)
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05/06/2015 06:59 PM
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Re: Wells Fargo accused of opening fraudulent accounts to meet quotas!
[link to consumerist.com]
Anonymous Coward (OP)
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05/06/2015 07:00 PM
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Re: Wells Fargo accused of opening fraudulent accounts to meet quotas!
[link to abcnews.go.com]
Anonymous Coward (OP)
User ID: 13127957
United States
05/06/2015 07:07 PM
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Re: Wells Fargo accused of opening fraudulent accounts to meet quotas!
I knew banks were crooked, but this is just wrong! They should put them in jail and shut them down!
Anonymous Coward
User ID: 58855070
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05/24/2015 07:28 PM
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Re: Wells Fargo accused of opening fraudulent accounts to meet quotas!
I'm shocked.
Anonymous Coward
User ID: 56037558
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05/24/2015 07:43 PM
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Re: Wells Fargo accused of opening fraudulent accounts to meet quotas!
I'm shocked.
 Quoting: Anonymous Coward 58855070


Me to! I thought bankers were honest!
Anonymous Coward
User ID: 67637065
United States
05/24/2015 07:48 PM
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Re: Wells Fargo accused of opening fraudulent accounts to meet quotas!
I had a job as a kid cleaning out the basement of this old bank and since I am a bit of nerd and nosy I spent a bunch of time reading through old bank account notes and transcripts and such

the story I got out of that mound of shit was a bunch of farmers getting their lives work ripped out from under them by the thieving banks who's only job was to sit there and wait for them to fail then collect whatever assets were left

great system we have
Anonymous Coward
User ID: 58855070
United States
07/16/2015 03:55 PM
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Re: Wells Fargo accused of opening fraudulent accounts to meet quotas!
I'm shocked





GLP