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Wells Fargo Bank Sued By The City Of Los Angeles
by John Vibes
This week, the city of Los Angeles filed a lawsuit against Wells Fargo bank for opening up unwanted accounts for customers without their permission. The customer’s private information was used to open the accounts, and in some cases the accounts resulted in unwanted fees and damaged credit scores.
According to the lawsuit, employees at Wells Fargo participated in “unfair, unlawful and fraudulent conduct.”
One man who only wanted one Wells Fargo account, actually ended up with ten, and there are many others just like him.
The employees had quotas which required them to sell a certain number of accounts each day, which would create an incentive to fraudulently open accounts for existing customers.
In a statement responding to the lawsuit, Wells Fargo executives said that, “Wells Fargo’s culture is focused on the best interests of its customers and creating a supportive, caring and ethical environment for our team members.”
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
Source: http://philosophers-stone.co.uk/wordpress/2015/05/wells-fargo-bank-sued-by-the-city-of-los-angeles/
Oh, the horror.
Bank employee’s committed fraud.
Can you believe it?
The frauds in the too big to fail banks, and the frauds in Washington D.C. are equal in evil.
And, their various crimes against humanity.