FBJ Of The Week September 10, 2016. Wells Fargo Fraudulent Customer Accounts

This week we learned that the banking financial institution, Wells Fargo was fined $185 million dollars for opening fake accounts in existing customers names.According to CNN, more than five thousand employees were fired for opening over two million fake accounts. Whats worse is that their existing customers were paying for those accounts.

Relentless pressure. Unrealistic sales targets. Workers tell @WellsFargo horror stories: https://t.co/ErRXKHkpt8 pic.twitter.com/N7aLcwyn94

— CNNMoney (@CNNMoney) September 9, 2016

If you or I opened bank accounts in someone else’s name we’d be charged criminally. Why is it different when @WellsFargo does it?

— Buddy (@revbuddylove) September 12, 2016

Wells Fargo’s punishment for “widespread unlawful practices” comes to 0.9% of the $22.9 billion it earned last year: https://t.co/1jlPBePMAG

— MarketWatch (@MarketWatch) September 11, 2016