Published earlier in Oct 2016 in my earlier Blog – Ported here in Aug 2017: As we have all read in the news recently, Wells Fargo & Co is currently embroiled in a fake accounts creation scandal. It is understood that this was a multiyear “scam” where millions of unrequested, fee-generating customer accounts were unearthed at Wells Fargo (WFC), a bank traditionally considered “old school” and “conservative”. The alleged misconduct was revealed when the Consumer Financial Protection Bureau (CFPB), the Los Angeles City Attorney and the Office of the Comptroller of the Currency (OCC) fined the bank $185 million, alleging that more