Wells Fargo fired whistleblower for complaints about incentives to mislead: lawsuit

Categorized | STOP FORECLOSURE FRAUD

Wells Fargo fired whistleblower for complaints about incentives to mislead: lawsuit

Wells Fargo fired whistleblower for complaints about incentives to mislead: lawsuit

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.

[EAST BAY TIMES]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8915 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

One Response to “Wells Fargo fired whistleblower for complaints about incentives to mislead: lawsuit”

  1. Charles Reed says:

    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!

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives