Wells Fargo terminates 100 employees accused of pocketing coronavirus relief funds

Wells Fargo fired more than 100 employees this week on charges that they defrauded one of the Small Business Administration’s coronavirus relief programs.

The company told its employees in a memo obtained by NPR that it had identified employees who it says took advantage of the SBA’s Economic Injury Disaster Loan program in order to benefit themselves.

“We have terminated the employment of those individuals and will cooperate fully with law enforcement. These wrongful actions were personal actions, and do not involve our customers,” wrote David Galloreese, the head of human resources at Wells Fargo.

The disaster
Read more…

Please follow and like us: