How in the world can 5000+ people be "rogue employees"?
Easy. Calling them anything else would mean "...and this was an open secret within the company." Show me a single company willing to admit to fraud at this scale.
Pervasive Sham Deals at Wells Fargo, and No One Noticed?
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Re: Pervasive Sham Deals at Wells Fargo, and No One Noticed?
#12Inconceivable.
itym "shocked, shocked!"
Re: Pervasive Sham Deals at Wells Fargo, and No One Noticed?
#13This happened to us. A Wells Fargo private banker offered a new Line-of-Credit. My wife said "no." We found a Line-of-Credit opened anyway. We complained. They apologized, saying they misunderstood our conversation. Which felt like they were of partially blaming us for not communicating clearly to them.
Re: Pervasive Sham Deals at Wells Fargo, and No One Noticed?
#14How in the world can 5000+ people be "rogue employees"?
> How in the world can 5000+ people be "rogue employees"? Well they have 265,200 employees, so I can see 1%-2% of people maybe trying to make a quick buck. You probably know at least 100 people. Can't you think of at least two of them that would get up to some shady shit for a buck, given the opportunity?
Out of those 262,500, how many would be in consumer-facing sales jobs where an opportunity to run these scams existed? One should look at 5,000 as a percentage of /that/ number.