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

cheeki kea left a comment for Holyroller
"Greetings to you Holyroller very awesome you've joined up with us all. I know you'll find…"
5 hours ago
cheeki kea commented on Doc Vega's blog post Are the End Times Drawing Near?
"Yes it's a sad and sorry situation we see evolving here. On one front and it's a large…"
6 hours ago
Doc Vega commented on tjdavis's video
Thumbnail

When the Communists Take Over America!...Famous 1957 Anti-Communist Movie

"I remember this when I was a little seeing it on TV years after it was filmed and it scared me even…"
10 hours ago
tjdavis posted a video

When the Communists Take Over America!...Famous 1957 Anti-Communist Movie

Starring Jack Webb and Robert Conrad, this 1957 movie by the United States Armed Forces Information Agency is perhaps the best known anti-communist movie eve...
14 hours ago
Doc Vega posted a blog post

Are the End Times Drawing Near?

Are we seeing the gradual fulfillment of the Battle of Armageddon? Think of it. The US and Israel…See More
20 hours ago
Holyroller is now a member of 12160 Social Network
yesterday
tjdavis posted a blog post
yesterday
Sandy posted photos
Sunday
Burbia posted a video

Catherine Fitts: Epstein, CIA Black Budget, the Control Grid, and the Banks’ Role in War

Programmable digital currency is the final piece of the global control grid that’s finally snapping into place. Catherine Austin Fitts on how to defeat it. C...
Saturday
Евеліна posted a status
"цікаво, воно цитатами виділяє, як моє особливе "я""
Friday
Евеліна posted a status
"на роботі, сонце світить, потрібно перепочити."
Friday
Евеліна posted a blog post

Ключові слова в тексті: як органічно їх вписати в статтю

Що таке ключові слова і чому вони важливіКлючові слова — це слова або фрази, які користувачі…See More
Friday
Евеліна is now a member of 12160 Social Network
Friday
Burbia left a comment for pohonemas33 team
"Quit promoting gambling on another site"
Friday
tjdavis posted a photo
Friday
pohonemas33 team commented on DTOM's photo
Thumbnail

Orwell - Football, Beer & Gambling

"kalau kamu cari tentang trik dan tips main slot online biar gampang menang, coba cek di situs…"
Feb 25
pohonemas33 team commented on tjdavis's photo
Thumbnail

DejaVu

"coba iin main game slot online di situs POHONEMAS33"
Feb 25
tjdavis posted a video

I, Pet Goat VI by - Seymour Studios | I, Pet Goat 6

I, Pet Goat VI by - Seymour Studios | I, Pet Goat 6It's time for great JihadI presented the events in the Middle East as an animated short film based on the ...
Feb 23
tjdavis posted a photo
Feb 22
rlionhearted_3 posted photos
Feb 22

© 2026   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