4.23 Wells Fargo Fraud [Video]

This resource introduces the Wells Fargo scandal which broke in 2013 after reports of unauthorized accounts surfaced. Employees reported that the sales quotas they were required to meet were unreasonable and that they were encouraged to participate in unethical tactics to meet their sales goals. In 2020, Wells Fargo agreed to pay $3 billion in fines for creating over 2 million of secret accounts without customer authorization. For more details, review the case study here:

Ethics Unwrapped, McCombs School of Business. (n.d.). Wells Fargo Fraud. University of Texas at Austin.

McCombs School of Business, University of Texas at Austin. (2018, July 31). Scandals Illustrated | Wells Fargo Fraud [Video]. YouTube