Wells Fargo employees claim they were fired for refusing to create fake accounts

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By: Rob Smith

Wells Fargo employees claim they were retaliated against for reporting unethical demands to meet the company's sales goals.

Wells Fargo paid $185 million in fines and fired 5,300 employees for creating millions of fake accounts, but a half dozen workers who spoke to CNN say they were fired for speaking up!

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The 10 most valuable banks in America
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The 10 most valuable banks in America

1. JPMorganChase

Current worth: $2.47 Trillion  

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2. Bank of America

Current worth: $2.19 Trillion 

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3. Wells Fargo

Current worth: $1.89 Trillion 

Photo credit: AP 

4. Citigroup

Current worth: $1.82 Trillion 

Photo credit: AP 

5. U.S. Bancorp 

Current worth: $438.5 Billion 

Photo credit: Reuters 

6. PNC Financial 

Current worth: $361.3 Billion 

Photo credit: Reuters 

7. Capital One

Current worth: $339.1 Billion 

Photo credit: Getty

8. BB&T 

Current worth: $221.9 Billion 

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9. SunTrust Banks

Current worth: $199.1 Billion 

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10. Fifth Third Bancorp

Current worth: $143.6 Billion 

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One banker said he refused to open up phony accounts and was fired 8 days after calling an ethics line to report the requests.

A former Wells Fargo Human Resources official said the bank conspired to fire employees for minimal offenses after they made calls to the ethics hotline. He said:

"If this person was supposed to be at the branch at 8:30 a.m. and they showed up at 8:32 a.m, they would fire them,"

Wells Fargo disputes the claims, saying "We do not tolerate retaliation against team members who report their concerns in good faith."

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