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That's not what Wells Fargo did given that it was a massively net unprofitable venture. A tiny minority of the new accounts opened were fee paying ones, the vas
by shalmanese 6y ago
That's not what Wells Fargo did given that it was a massively net unprofitable venture. A tiny minority of the new accounts opened were fee paying ones, the vast majority were fraudulent, free accounts opened so employees could collect bonuses.
It's amazing to me that a fraud perpetrated upon Wells Fargo by its own employees is spun as an act of malice by WF itself.