Phoenix68
Well-Known Member
- Joined
- Mar 12, 2022
- Messages
- 16,939
"In return for donating $1 Million to the inauguration of Trump and Vice President JD Vance, those involved in a high-profile banking scandal received greatly reduced fines.
.
In 2016, it came to light that Wells Fargo employees were creating fake accounts for customers who did not request them in order to boost sales numbers for products and services, resulting in major financial restitution for the bank and criminal charges against one executive.
.
According to the OCC, former Wells Fargo chief auditor David Julian, whom the OCC originally fined a sum of $7 Million, received a fine of $100,000.
.
Former Wells Fargo executive audit director Paul McLinko, whom the OCC originally fined a sum of $1.5 Million, received a fine of $50,000."
![trump_wells_fargo[1].webp](https://www.houseofpolitics.com/data/attachments/20/20314-1adebcef60d4fbd627103841a1fde3cc.jpg?hash=oLS9nfv5Pg "trump_wells_fargo[1].webp")
.
In 2016, it came to light that Wells Fargo employees were creating fake accounts for customers who did not request them in order to boost sales numbers for products and services, resulting in major financial restitution for the bank and criminal charges against one executive.
.
According to the OCC, former Wells Fargo chief auditor David Julian, whom the OCC originally fined a sum of $7 Million, received a fine of $100,000.
.
Former Wells Fargo executive audit director Paul McLinko, whom the OCC originally fined a sum of $1.5 Million, received a fine of $50,000."
.
