Last exec got off without fines. New scandals will emerge.
Credit:
https://www.wsoctv.com/news/local/former-wells-fargo-exec-cleared-10m-penalty-fake-accounts-scandal/EYNGAX75E5FYPNA5CBSCWH2PZE/
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Former Wells Fargo exec cleared of $10M penalty in fake accounts scandal
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By WSOCTV.com News Staff
October 24, 2025 at 3:52 pm EDT
CHARLOTTE — A former Wells Fargo executive, once ordered to pay $10 million for her role in the bank’s fake sales accounts scandal, will now pay nothing.
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According to the Charlotte Observer, federal regulators have settled with Wells Fargo’s former risk officer, Claudia Russ Anderson.
The scandal involved thousands of employees opening millions of unauthorized accounts.
In total, regulators collected more than $430 million in fines from other executives.