Wells Fargo Bank Shits the Bed Once Too Often
Wells Fargo pays $72.6 million to resolve Justice Department claims it defrauded currency customers
The Banksters are at it again
One cannot help but wonder why Wells Fargo Bank has any customers left at all. Among their settlements for screwing over their customers, this latest fraud is yet another, added to:
126 financial offenses, totaling $15,948,637,160 (a whisper less than $16 billion) in fines
3 competition-related offenses, totaling $3,148,000,000
2 government-contracting-related offenses, totaling $1,204,046,786
28 consumer-protection-related offenses, totaling $767,880,813
53 employment-related offenses, totaling $609,495,960
7 mortgage abuses, totaling $5,625,783,671
16 banking violations, totaling $3,950,832,386
7 toxic securities abuses, totaling $3,637,750,000
1 fraud case settled for $3,000,000,000
82 investor protection violations, settled for $2,487,362,735
…and a partridge in a pear tree.
The mystery is, why settle with no admission of guilt and no jail time?
Who knows? We can o…