Stumpf Denies 2013 Share Sale Tied to Bogus Accounts

The transcript discusses the suspicious timing of share sales by a bank executive amidst allegations of fraudulent activities within the bank. It highlights the executive's defense regarding shareholding and approvals, the bank's misconduct leading to employee firings, and the legal implications. The narrative suggests that the executive prioritized personal gain over customer welfare, blaming low-level employees for the fraud while profiting from the situation.

What raises serious questions about the timing of the stock sales?

• The stock market was closed.

• The sales happened during a holiday.

• The timing coincided with the discovery of fraudulent accounts.

• The shares were sold at a loss.

How does the speaker justify the sale of shares?

• By claiming ignorance of any sales practices issues.

• By stating the shares were sold at a high profit.

• By saying the shares were sold without any approvals.

• By mentioning the shares were sold to a family member.

What significant action did the bank take regarding its employees?

• Promoted over 5300 employees.

• Fired over 5300 employees for defrauding customers.

• Hired new employees to replace the old ones.

• Gave bonuses to employees involved in fraud.

What does a recent lawsuit allege about the bank's actions?

• The bank ignored fraudulent activities.

• The bank increased salaries for all employees.

• The bank fired people who refused to defraud customers.

• The bank hired more people to defraud customers.

What was the speaker's alleged priority upon discovering fake accounts?

• Reporting to the authorities immediately.

• Securing personal financial interests.

• Assisting the employees involved.

• Helping the customers first.