Two former executive auditors (David Julian & Paul McLinko) were fined $8.5 million by the OCC under the previous administration for covering up the fake account scandal. The new political administration in its infinite wisdom reduced those fines to $150,000 after WF donated $1 million to their inauguration.
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Right, scratching my head as to why Wells Fargo would gain from this.
Also, Wells is cutting the people and processes that came about after having been placed under consent order. Wouldn't you think you'd keep them around if you were wanting to prevent a repeat in the future?
Lies
Here's some more background.
https://www.radicalcompliance.com/2025/04/28/fines-cut-for-ex-wells-fargo-execs/
It was the complete waste of money / zero return one.
Yeah, for consent orders not this.
Oh for fu--s sake, this is a layoff board.
Go post your fake outrage somewhere else.
@a2+1jt6ajf6r What do you think they gave bribes for, cuz they like their smile? Its an investment for any and all regulatory actions to be reduced or cancelled. The op has just 1 example.
@a8+1jt6ajf6r tell us more about Kamala's inauguration bribery laundering scheme
We donated to Kamala Harris as well.
That's just the Trump administration not believing in oversight if anyone and getting rid of regulations. Corporations are getting what they paid for.
So you think WF donated that money to help former employees that have zero connection to the current company?