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The Only Way Employees at Wells Fargo Were Able to Keep

Question 3

Multiple Choice

The only way employees at Wells Fargo were able to keep their jobs was to meet a quota set by the company.To meet this quota they were required to set up a certain number of new banking and credit card accounts.Which of the following statements is false:


A) 5,300 employees set up fake accounts so they would meet their quotas
B) collectively,employees set up more than 1.4 million fake accounts generating $2.4 million in fees
C) the 5,300 employees involved in the scam got a warning but kept their jobs
D) bank had to pay more than $500 million in fines and other costs

Correct Answer:

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