Due to “systemic defects” in regards to how Wells Fargo treated employees, they are now facing a film-finance fraud suit.
The attorney in the complaint, Roy Altman, wrote about it: “Upon information and belief, the brazen and repeated acts of fraud, theft, conversion, and negligence on the part of the WELLS FARGO DEFENDANTS detailed in this Complaint are the result of systemic defects in the way the WELLS FARGO DEFENDANTS manage, train, supervise, hire, reward, and punish their employees.”
Following Wells Fargo’s earlier scandal when they opened fake credit cards and accounts in customers’ names, financiers allege that they were then convinced to fund films with apparent short-term loans. Their money was then taken and fraudulently diverted.
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