East Bay Times-
The former head of beleaguered San Francisco-based bank Wells Fargo’s foreign exchange group claims he was fired weeks before he was to tell federal regulators about incentives that encouraged employees to “make false and misleading representations to customers, to engage in abusive sales practices, and to enrich themselves at the expense of clients.”
That’s according to the legal firm representing him in a lawsuit filed Thursday in San Francisco County Superior Court.
Wells Fargo declined to comment.
Simon Fowles alleges that he was terminated after years of making complaints to his managers and high-level executives about goings-on in the foreign exchange sales department. He had told bank management he planned to tell the U.S. Office of Controller of the Currency about the incentives, and was sacked “just weeks before” he was scheduled to talk to the regulators, his law firm said.
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
Wells Fargo is a joke as they continue to violate the law and hires people that don’t have a clue about the fraud they are committing by keeping with the company line. They got a huge penalty to pay for the WaMu fraud that cost the Fed Gov billions!