The announcement is the latest sign that some of the practices exposed by the Wells Fargo fake accounts scandal in 2016 weren't confined to that bank.
    • CatZoomies@lemmy.world
      1·
      1 year ago

      LMAO I enjoyed this comment. For those who don’t know, Wells Fargo also did something similar and was signing up their custodians for credit accounts without their permission.

      The bank paid a fine and of course no one went to jail (legal immunity).

      “If the punishment for the crime is less than the profits you made committing that crime, that is legal immunity. That is a very, very loud signal in a system of democracy that says, ‘Do it again, only this time leverage more!’" - Andreas Antonopoulos

  • Jaysyn@kbin.social
    04·
    1 year ago

    It sure is weird how if I committed millions of dollars in fraud, I’d go to prison for 10-20 years.