Wells Fargo Fined $185 Million for Phony Accounts

The video discusses a bank scandal where thousands of employees opened fake accounts to meet sales goals. The management's involvement is unclear, as the bank neither admitted nor denied wrongdoing but expressed regret. Customers were charged fees for unauthorized accounts, leading to a $5 million restitution fund. Over 5,000 employees were terminated due to the widespread issue.

How much money did the bank set aside for customer restitution?

What was the outcome for the employees involved in the scandal?