Wells Fargo Ex-Managers’ Suit Puts Scandal Blame Higher Up Chain
- Area president may be highest-ranking alleged to direct scheme
- Ex-branch managers claim workers taught to cheat, threatened
Wells Fargo Account Scandal: Who Knew What, When?
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The lawsuits piling up against Wells Fargo & Co. over its fake accounts scandal have expanded to include three former branch managers alleging that an area president ordered employees to open bogus accounts to juice sales.
The area president, who may be the highest-ranking bank employee alleged to have directed the opening of fraudulent accounts, told employees to “do whatever it takes” to meet sales quotas and keep their jobs, according to the lawsuit.