Wells Fargo

 

Wells Fargo whistleblower says fraud goes back years


PUBLISHED Tue, October 04, 2016 - 12:05pm EDT


On Monday, Illinois joined California in suspending investment activity with Wells Fargo for a year. It is the second state to punish the bank for its phony accounts scandal. Wells Fargo CEO John Stumpf has claimed he first heard about the creation of fake accounts in 2013. But a whistleblower has come forward saying she alerted the company years earlier. CBS News reports that Yesenia Guitron said she saw strange things happening to customer accounts after she began working at the Wells Fargo branch in St. Helena, California, in 2008. After raising concerns consistently with human Resources and then the Ethics Department, Guitron was fired.





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