Illinois is now the second state to punish Wells Fargo for its phony accounts scandal. On Monday the state joined California in suspending investment activitywith the bank for a year.
Wells Fargo CEO John Stumpf has claimed he first heard about the creation of fake accounts in 2013, but only on “CBS This Morning,” one whistleblower says she alerted the company years earlier.
“I started noticing what I thought were honest mistakes. But then these honest mistakes, you know, became a very clear pattern,” Yesenia Guitron said.
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