Whistleblower docs: Wells Fargo was opening fake accounts in 2005

https://www.youtube.com/watch?time_continue=1&v=Bbq9-SJ74_Y

Dennis Hambek was a Wells Fargo branch manager. In 2005, he found Wells Fargo employees creating fake accounts in their customers' names (in order to meeting the company's punishing sales quotas and avoid being blackballed across the industry). He sent a certified letter about the practice in 2006 to Carrie Tolstedt -- the bank exec who oversaw the fraud and retired weeks ahead of the scandal with a $125,000,000 bonus -- and held onto the receipts. (more…)