This is one of the worst scandals to ever hit US military families in our country’s history!
Wells Fargo has just been caught using fraudulent practices to steal money from our troops through military car loans!
Now Congress has moved to label the bank a “Criminal Enterprise” and is charging them $20 million in damages.
It was such an obvious case, in fact, that even the CEO of Wells Fargo, John Stumpf, said:
“I AM FULLY ACCOUNTABLE. I’M FULLY COMMITTED TO FIXING THIS ISSUE, STRENGTHENING OUR CULTURE, AND TAKING THE NECESSARY STEPS AND ACTIONS TO RESTORE OUR CUSTOMER’S TRUST.”
Of course the House Financial Committee was not happy with this. They accused Wells Fargo of racketeering and intentionally accepting the fine because they made so much money off their scheme.
One Congressman even went as far as to compare the Wells Fargo executives to the Enron heads. (H/T – RT)
Look, out of respect for our military, PLEASE pull your money out of Wells Fargo. They do not deserve your financial support and there are plenty of other Banks in America.