The damning 2004 report that Wells Fargo chose to ignore

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The damning 2004 report that Wells Fargo chose to ignore

The damning 2004 report that Wells Fargo chose to ignore

CNN MONEY-

An internal Wells Fargo report prepared 12 years ago — in August 2004 — eerily foretold the fake account scandal that has recently shaken Wells Fargo to its core.

That investigation, titled “Gaming,” warned that Wells Fargo employees had an “incentive to cheat” that was “based on the fear of losing their jobs.” It said that workers felt they couldn’t meet the bank’s unrealistic sales goals “without gaming the system.”

 The 2004 report was sent to Wells Fargo’s chief auditor, HR personnel and others. The Wells Fargo (WFC) task force even cautioned that the bank faced “reputational risks” with customers and recommended management consider eliminating the sales goals.

Board Report by DinSFLA on Scribd

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One Response to “The damning 2004 report that Wells Fargo chose to ignore”

  1. “Kareem Salessi 3-4-17”

    “Salessi Weapons of Mass Disclosure” (“Salessi WMD”)

    I don’t see any mention of the colossal “Wells Fargo Drug Cartel drug money laundering” in the above 113 page report, also linked to below, titled:

    Independent Directors of the Board of Wells Fargo & Company Sales Practices Investigation Report April 10, 2017

    http://stmedia.startribune.com/documents/board-report.pdf

    Here is a short report of their drug money laundering operations which should have been on the cover page of the above report:

    https://kareemsalessi.files.wordpress.com/2010/04/wells-fargo-drug-cartel.pdf

    and which should have been followed by my recent explanations of a the most plausible background to their countless fake clients accounts, of which clients were unaware, probably because the fake accounts had been utilized to launder drug money:

    http://stopforeclosurefraud.com/2016/11/28/wells-fargo-tries-to-kill-fake-account-lawsuit/comment-page-1/#comment-549647

    “Kareem Salessi 3-4-17”

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