Month: September 2016

5,300 Wells Fargo Employees Fired For Creating Millions Of Phony Accounts

 

Well..well..well…

According to FOX 5 San Diego:

Everyone hates paying bank fees. But imagine paying fees on a ghost account you didn’t even sign up for. That’s exactly what happened to Wells Fargo customers nationwide.

On Thursday, federal regulators said Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts — without their customers knowing it — since 2011.

The phony accounts earned the bank unwarranted fees and allowed Wells Fargo employees to boost their sales figures and make more money.

“Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses,” Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement.

Wells Fargo confirmed to CNNMoney that it had fired 5,300 employees related to the shady behavior.

The scope of the scandal is shocking. An analysis conducted by a consulting firm hired by Wells Fargo concluded that bank employees opened up 1,534,280 deposit accounts that may not have been authorized, according to the CFPB.

The way it worked was that employees moved funds from customers’ existing accounts into newly-created accounts without their knowledge or consent, regulators say.

Additionally, Wells Fargo employees also submitted applications for 565,443 credit-card accounts without their knowledge or consent, the CFPB said the analysis found.

Wells Fargo is being slapped with the largest penalty since the CFPB was founded in 2011. The bank agreed to pay $185 million in fines, along with $5 million to refund customers.

“We regret and take responsibility for any instances where customers may have received a product that they did not request,” Wells Fargo said in a statement.

Wells Fargo confirmed to CNNMoney that the firings represents about 1% of its workforce.

“At Wells Fargo, when we make mistakes, we are open about it, we take responsibility, and we take action,” the bank said in a memo to employees on Thursday.

The Woman You Should Really Be With, Won’t Put Up With Your Sh*t

Check out this post by Marisa Donnelly

The woman you should really be with will be your counterpart. She will be the North to your South-facing compass. She will be the hot to your cool. She will be the silence to your voice. She will balance you. She will keep you grounded, yet free.

The woman you should really be with, will be the woman who stands by your side, not behind you while you lead the way. She will walk with you, arm in arm, hand in hand. She will be the woman who sometimes steps first, and who sometimes lets you take the lead.

She will be the woman with a voice, the woman who speaks up, the woman who fights for and with you.

The woman you should really be with will be strong. Strong enough to stand on her two feet, strong enough to stand up for you, and strong enough to stand up to you.

She will be the woman who pursues her dreams alongside yours. She will be the woman who relentlessly goes after her desires and the desires of those she loves. She will be the woman that won’t have a problem being honest with you, even if it’s hard for the both of you to hear.

The woman you should really be with will be feisty to your quiet, tender to your bold. She will be the woman that compliments you, challenges you, and makes you believe and fight for the promise of love.

The woman you should really be with won’t take it easy on you. She will share her opinions, be fierce when necessary, and argue with you about what counts.

Read the rest of this post: The Woman You Should Really Be With, Won’t Put Up With Your Sh*t — Thought Catalog

Jailed California Man Uses Homemade Fishing Hook To Steal Drugs From Sheriff’s Office

Man uses homemade fishing hook to steal drugs from jail.
According to KTLA–A California man was nabbed for being hooked on drugs. Literally.

Christian Kulbe, 46, was taken into custody just after midnight when a Santa Barbara Sheriff’s sergeant saw him stealing items from a dropbox for discarded drugs, the department said in a news release.

“The suspect was using a homemade cord and fishing hook to remove syringes, medications and other controlled substances that were inside the cabinet,” the release said.

Kulbe was already booked into the Santa Barbara County Jail on suspicion of possessing stolen property, petty theft, possessing burglary tools, prowling and possessing controlled substances.

Lol! Wow. This all jokes aside, this guy is pretty clever! He could have been McGyver or somebody. 

Originally posted on LA Times.