Scott Reckard (LA Times Reporter)

Wells Fargo Sales Practices Investigation Begins

| Importance: 8/10

The Los Angeles Times investigates Wells Fargo’s aggressive sales practices, revealing systematic pressures on employees to create unauthorized accounts. The investigation exposes a corporate culture that incentivized fraud, with employees opening fake accounts to meet impossible sales quotas. …

Wells Fargo Board John Stumpf Scott Reckard (LA Times Reporter) corporate-fraud banking-regulation regulatory-capture wells-fargo
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