Re d: 5, 300 Wells Fargo employees fired over 2 million phony accounts

["Dave Farber" <farber () gmail com>]

Begin forwarded message:

> From: Dan Gillmor <dan () gillmor com>
> Date: September 13, 2016 at 11:53:54 AM EDT
> To: dave () farber net
> Subject: Re: [IP] Re d: 5, 300 Wells Fargo employees fired over 2 million phony accounts
>
>
> There is evidently no crime a banker can commit that is serious enough
> to warrant prosecution, much less jail time, if it's one of the "too big
> to fail" banks. Obama's legacy will include the poisonous effects of
> rewarding, not punishing, the criminals who looted the world for
> trillions and nearly crashed the global economy.
>
> No wonder average people consider voting for candidates who'll just
> tear down everything they touch.
>
> > On 09/13/2016 05:29 AM, Dave Farber wrote:
> >
> >
> > ---------- Forwarded message ----------
> > From: *Doug Humphrey* <doug () joss com <mailto:doug () joss com>>
> > Date: Tuesday, September 13, 2016
> > Subject: 5, 300 Wells Fargo employees fired over 2 million phony accounts
> > To: dave () farber net <mailto:dave () farber net>
> > Cc: ip <ip () listbox com <mailto:ip () listbox com>>
> >
> >
> > When a corporation does it, there are fines, but almost nobody goes to
> > jail (it is a vanishingly small percentage).  Individuals do it, and
> > it's hammer time, jail quite often.  This double standard is a terrible
> > thing - do the crime big enough, as a company, no need to worry.  
> >
> > > On Sep 8, 2016, at 6:05 PM, Dave Farber <farber () gmail com> wrote:
> > >
> > >
> > >
> > >
> > > Begin forwarded message:
> > >
> > > > *From:* Lauren Weinstein <lauren () vortex com>
> > > > *Date:* September 8, 2016 at 5:21:21 PM EDT
> > > > *To:* nnsquad () nnsquad org
> > > > *Subject:* *[ NNSquad ] Off-Topic: 5, 300 Wells Fargo employees fired
> > > > over 2 million phony accounts*
> > > >
> > > >
> > > > Off-Topic: 5,300 Wells Fargo employees fired over 2 million phony
> > > > accounts
> > > >
> > > > http://www.wcti12.com/news/5300-wells-fargo-employees-fired-for-creating-millions-of-phony-accounts/74912454
> > > > <http://www.wcti12.com/news/5300-wells-fargo-employees-fired-for-creating-millions-of-phony-accounts/74912454a7f652f?uri=aHR0cDovL3d3dy53Y3RpMTIuY29tL25ld3MvNTMwMC13ZWxscy1mYXJnby1lbXBsb3llZXMtZmlyZWQtZm9yLWNyZWF0aW5nLW1pbGxpb25zLW9mLXBob255LWFjY291bnRzLzc0OTEyNDU0>
> > > >
> > > >     On Thursday, federal regulators said Wells Fargo employees
> > > >   secretly created millions of unauthorized bank and credit card
> > > >   accounts -- without their customers knowing it -- since 2011.
> > > >   The phony accounts earned the bank unwarranted fees and
> > > >   allowed Wells Fargo employees to boost their sales figures and
> > > >   make more money.  "Wells Fargo employees secretly opened
> > > >   unauthorized accounts to hit sales targets and receive
> > > >   bonuses," Richard Cordray, director of the Consumer Financial
> > > >   Protection Bureau, said in a statement.  Wells Fargo confirmed
> > > >   to CNNMoney that it had fired 5,300 employees related to the
> > > >   shady behavior over the last few years. Employees went to far
> > > >   as to create phony PIN numbers and fake email addresses to
> > > >   enroll customers in online banking services, the CFPB said.
> > > >
> > > > - - -
> > > >
> > > > --Lauren--
> >
> > Archives <https://www.listbox.com/member/archive/247/=now>
> > <https://www.listbox.com/member/archive/rss/247/1961540-ecb5e68f> |
> > Modify
> > <https://www.listbox.com/member/?&;>
> > Your Subscription | Unsubscribe Now
> > <https://www.listbox.com/unsubscribe/?&&post_id=20160913083006:C89B3ADE-79AD-11E6-A09D-D4E9767DC921>
> > [Powered by Listbox]
> > <http://www.listbox.coma7f652f?uri=aHR0cDovL3d3dy5saXN0Ym94LmNvbQ>
>
> -- 
> Dan Gillmor
> dangillmor.com/about
> +1.650.868.7528



-------------------------------------------
Archives: https://www.listbox.com/member/archive/247/=now
RSS Feed: https://www.listbox.com/member/archive/rss/247/18849915-ae8fa580
Modify Your Subscription: https://www.listbox.com/member/?member_id=18849915&id_secret=18849915-aa268125
Unsubscribe Now: 
https://www.listbox.com/unsubscribe/?member_id=18849915&id_secret=18849915-32545cb4&post_id=20160913115838:ECACE4F0-79CA-11E6-811B-E59DF59D17A1
Powered by Listbox: http://www.listbox.com