Big payday for top exec in Wells Fargo scandal

Senator Warren calls Wells Fargo scam a “staggering fraud”

Carrie Tolstedt has made a fortune presiding over Wells Fargo’s efforts to aggressively sell multiple accounts to each of its millions of customers.

But that “cross-selling” strategy is now under intense scrutiny after the bank was caught creating over 2 million fake bank and credit card accounts without the knowledge or consent of its customers. Wells Fargo on Thursday was fined $ 185 million and admitted to firing 5,300 employees in recent years.

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