Rio Hondo College Newspaper

El Paisano

Federal authorities knew about hundreds of Wells Fargo whistleblowers

Zachary Mejia, Managing Editor
April 25, 2017
Filed under News

New revelations have surfaced in the Wells Fargo fake account debacle, and can be considered the most troubling since the scandal was first uncovered September of last year. A report released by the Office of the Comptroller of the Currency, an independent bank regulating bureau within the U.S Treasury,...

CA Department of Justice Investigates Wells Fargo

CA Department of Justice Investigates Wells Fargo

Xavier Alatorre, News Editor
October 26, 2016
Filed under News

The California Department of Justice is conducting an investigation into allegations that Wells Fargo committed identity fraud after the bank opened phony bank accounts using customer information, according to the Los Angeles Times. California Attorney General Kamela Harris served the bank with a...

Wells Fargo CEO resigns amidst scandal

Wells Fargo CEO resigns amidst scandal

Crystian Mendoza, Sports Editor
October 19, 2016
Filed under News

Former Wells Fargo CEO John Strumpf officially resigned Oct. 13 after it was revealed earlier last month that the bank opened more than a million fake bank accounts, forcing him to forfeit $41 million in stock awards. Nonetheless, Senator Elizabeth Warren does not believe his resignation is enough an...

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