Quote:
Originally Posted by Barry-xlovecam
Banksters get caught but don't go to jail as usual.
Fiduciary
5,300 employees involved -- WTF? This scam was organized by or overlooked <wink ... wink>by the bank's branch management -- that is rather obvious. |
it's obvious indeed:
"Wells Fargo built an incentive-compensation program that made it possible for its employees to pursue underhanded sales practices, and it appears that the bank did not monitor the program carefully," said CFPB Director Richard Cordray.
so in layman's terms, these employees were financially benefiting from each opened account... but clearly they were just innocent victims in all this...
