Wells Fargo account fraud

URI: https://gptkb.org/entity/Wells_Fargo_account_fraud
GPTKB entity
Statements (23)
Predicate Object
gptkbp:instanceOf banking scandal
gptkbp:alsoKnownAs gptkb:Wells_Fargo_fake_accounts_scandal
gptkbp:apologyBy Wells Fargo issued public apologies
gptkbp:cause to meet aggressive sales targets
gptkbp:CEOResigned gptkb:John_Stumpf
gptkbp:consequence fines
executive resignations
reputational damage
gptkbp:containsSettlement class action lawsuits
gptkbp:describes Employees created millions of unauthorized bank and credit card accounts without customers' consent.
gptkbp:endDate 2016
https://www.w3.org/2000/01/rdf-schema#label Wells Fargo account fraud
gptkbp:location gptkb:United_States
gptkbp:mediaCoverage extensive national and international coverage
gptkbp:numberOfUnauthorizedAccounts over 2 million
gptkbp:organization Wells Fargo
gptkbp:penalty $185 million (2016)
gptkbp:regulates gptkb:Consumer_Financial_Protection_Bureau
gptkb:Los_Angeles_City_Attorney
gptkb:Office_of_the_Comptroller_of_the_Currency
gptkbp:startDate 2011
gptkbp:bfsParent gptkb:Dirty_Money
gptkbp:bfsLayer 6