Wells Fargo employees have now been fired after they created dozens of fake accounts. People were getting fees for accounts they had not even created.
The accounts were made so the employees could boost their sales and make more money. Richard Cordray, director of the Consumer Financial Protection Bureau said,
“Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses,”
There was over 1.5 million in accounts that were not authorized. The employees would move the funds from customers’ existing accounts into newly-created accounts without their consent.
This is crazy!
Source: Money.Cnn
