WELLS FARGO CAUGHT WITH ANOTHER 1.4 MILLION FAKE ACCOUNTS, WILL ANYONE EVER GET JAILED?

SOURCE: RT

As the tally of fake Wells Fargo accounts balloons to 3.5 million, Congress has yet to discipline the executives, while the financial giant has only paid fines. A coalition of 33 groups is now demanding new hearings and for the bank to be held accountable.

Wells Fargo and Company increased its estimate of how many accounts were created by 67 percent Thursday. The mega bank issued shocking new disclosures, showing 1.4 million more bogus customer accounts had been created, a significant  increase from previous estimates, the New York Times reported.

In addition, Wells Fargo admitted to yet another impropriety, stating that they enrolled more than a half-million customer accounts into their online bill pay service without notifying them. The embattled bank has since agreed to pay out $910,000 to customers who accrued fees or charges related to the unknown accounts.

“We are working hard to ensure this never happens again and to build a better bank for the future,” Wells Fargo CEO Timothy J. Sloane said in a statement, the Times reported.

There has not yet been word if executives with the bank will be summoned back to Washington to face lawmakers for yet another round of questioning following last year’s Capitol Hill hearing with then-CEO John Stumpf.

During that hearing, Wells Fargo and their former CEO paid big bucks, but no other actions have been taken by Congress to thwart future offenses by the company. Now, 33 organizations have banded together to call for new congressional hearings relating to Wells Fargo’s questionable practices.

Two groups, Americans for Financial Reform and Public Citizen, are leading the charge to stage new hearings, The left-leaning organizations sent a letter Thursday to the Senate Banking Committee and the House Financial Services Committee, asking to bring Wells Fargo executives back to Capitol Hill to answer for the newly found malpractices.

US Senator Sherrod Brown (D-Ohio), head of the Senate Banking Committee, tweeted“Wells Fargo harmed millions more customers than originally disclosed, and continues to avoid accountability.”

And Representative Maxine Waters (D-California), suggested in a statement that Wells Fargo’s wrongful acts may be too big to manage.

“This disgraceful, illegal, and widespread misconduct is exactly why I will be introducing legislation that breaks up banks – like Wells Fargo – that repeatedly engage in consumer abuses, so that they can never harm consumers again,” she said, according to Bloomberg.

Progressive firebrand US Senator Elizabeth Warren (D-Massachusetts) called Wells Fargo’s new disclosure “unbelievable” in a tweet Thursday.

MORE BANKSTER DEBAUCHERY

Views: 93

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega commented on Burbia's video
9 hours ago
tjdavis posted photos
19 hours ago
Doc Vega posted a blog post

Who Were the Silver Ghosts and Fork Tailed Devils Over Germany in WWII?

 The year is 1943 and the Germans are punishing the US Eighth Air Force during their daylight…See More
21 hours ago
tjdavis posted a video

THE GREAT FLOOD Official Trailer (2026) Netflix | Global Disaster Movies 4K

🌊 A world pushed past the breaking point.In THE GREAT FLOOD (2026), rising oceans, collapsing cities, and unstoppable storms trigger a global disaster unlik...
Tuesday
Doc Vega posted a blog post

Mothman Prophecies

When suddenly the universe looked downIt seemed everything came unwoundI wondered if my sanity was…See More
Monday
rlionhearted_3 posted a status
"Joined Facebook after a 5 year absence. One absolutely undeniable picture that Hunter was in!!!!"
Sunday
rlionhearted_3 commented on rlionhearted_3's photo
Sunday
rlionhearted_3 posted photos
Sunday
Doc Vega posted a blog post

The 100 Series Designated for SAC and a Possible WWIII

 The “100 Series” as these fighter aircraft were labeled were a succession of Mach II capable…See More
Saturday
tjdavis posted a video

Human Be-In - Full Program - 1/14/1967 - Polo Fields, Golden Gate Park (Official)

Human Be-In - Full ProgramRecorded Live: 1/14/1967 - Polo Fields, Golden Gate Park - San Francisco, CAMore Human Be-In at Music Vault: http://www.musicvault....
Saturday
Less Prone favorited Doc Vega's blog post How Hollywood Sci Fi Predicted the Future?
Dec 5
Doc Vega posted blog posts
Dec 4
Less Prone commented on Doc Vega's blog post Your Arrival on Planet Earth
"So sad to see a nice place be ruined by its inhabitants.... It's that shitholeness spreading…"
Dec 4
Doc Vega commented on tjdavis's blog post Under An Ionized Sky
"Jesus Christ this is more diabolical than just about anything I've studied even though I knew…"
Dec 4
Doc Vega commented on Doc Vega's blog post Your Arrival on Planet Earth
"Less Prone Nothing wrong with the planet. It's the inhabitants who are the problem."
Dec 4
tjdavis's 2 blog posts were featured
Dec 4
Doc Vega's 5 blog posts were featured
Dec 4
Less Prone commented on Doc Vega's blog post Your Arrival on Planet Earth
"That assignment on the blue planet intrigued me a lot. And here we are now! I cannot say it's…"
Dec 4
Less Prone favorited Doc Vega's blog post Your Arrival on Planet Earth
Dec 4
Burbia's blog post was featured

Sebastion Piñera and 5G

 Sebastion Piñera “The start of the bidding process for the 5G network. Let’s listen to the threats…See More
Dec 4

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted