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

John Miller replied to MAC's discussion BREAKING! UFO whistleblowers drop BOMBSHELL on D.C. | Redacted with Natali and Clayton Morris
"Crazy how these whistleblower stories are finally making it into bigger conversations. Makes you…"
7 hours ago
Burbia favorited tjdavis's blog post The Dems Love Their Demons
18 hours ago
John Miller commented on tjdavis's photo
Thumbnail

Comprehensive Coverage

"That car needs an exorcism, not an oil change."
22 hours ago
John Miller commented on tjdavis's blog post The Dems Love Their Demons
"If the Dems are dating demons, then that AI romance shoot was basically engagement photos."
22 hours ago
John Miller replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"Wouldn't be surprised if there's a whole lot more buried under the surface here."
22 hours ago
Less Prone favorited rlionhearted_3's photo
yesterday
Less Prone left a comment for John Miller
"Welcome John."
yesterday
Doc Vega posted a blog post

The Saga of Ape Canyon Revisited

 In the years that I’d written for the Plano Star Courier I got several invitations to go on…See More
yesterday
John Miller is now a member of 12160 Social Network
yesterday
Less Prone favorited tjdavis's photo
yesterday
tjdavis posted a photo
yesterday
Burbia posted a video

The lIIumlnatl Stallions: MethyIene Bluecifer & Mind-Control Horses [ FULL DOCUMENTARY ]

🐴🦄🐸 Get the NEW "lIIumlnatl Animal Coloring Book!" 🐴🦄🐸NOW AVAILABLE ON AMAZON - CLICK HERE: https://amzn.to/3SYgAkC🔑 Get MORE Access to the Secret Vid...
yesterday
Doc Vega commented on Doc Vega's blog post Memorial Weekend Getaway Horror Story
"Less Prone thanks for your support Buddy! "
Friday
Doc Vega replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"cheeki kea, I really appreciate the reporting of Sky News. I think they've done a great…"
Friday
Doc Vega posted a blog post

When

 Sad blue eyed poet rehearses his craftJust took a salvo in the compartment aftHis chances of…See More
Friday
cheeki kea replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"You're damn right there Doc V. but we may never know exactly where all the funding came from…"
Friday
cheeki kea commented on tjdavis's photo
Thumbnail

Me-Again

"Oh Look a new version of Megan, can't say the old version looked to flash either. Seems like…"
Friday
Doc Vega replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"This asshole had an incredible number of overseas connections and incoming money from unnamed…"
Wednesday
rlionhearted_3 posted photos
Wednesday
cheeki kea replied to cheeki kea's discussion Tartaria
"It's been interesting reading the comments from the Hungarian Tartaria fans on social media…"
Tuesday

© 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