Question

Accounting Fraud

Write a summary about the Wells Fargo account fraud scandal.

Why did they preform this fraud? What pressures did employees face? Explain.

How did they preform this fraud? What did they do to meet these numbers? Explain.

Answer 1

Wells fargo account fraud scandal is about the creation of millions of fraudlent savings and cecking accounts on behalf of wells fargo clients without their consent.Wells Fargo clients began to notice the fraud after being charged unanticipated fees and receiving unexpected credit or debit cards.

This fraud was comited by the individual employess of wells fargo.Employees did this because of presure from top management.

Employees were encouraged to order credit cards for pre-approved customers without their consent,and able to use their own information when filling out request to prevent customers from discovering the fraud.