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Oct. 14, 2016
Fraud, plain and simple
Here we go again with Wells Fargo as the poster child for plain old fraud, encouraged by a corrosive corporate culture of greed. By Ann Graham
Wells Fargo's recent troubles include $185 million in fines, a disastrous appearance by chairman and CEO John Stumpf before a congressional hearing - Stumpf stepped down from both positions, effective immediately, on Wednesday - a smack-down by U.S. Sen. Elizabeth Warren, and some really bad PR. Let's just call this a modicum of overdue accountability.
A too-big-to-fail financial conglomerate like Wells Fargo operates in a worl...
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