Branch employees had opened
millions of fake accounts in customers» names without their knowledge to meet sales targets.
Not exact matches
The first executive decision Sloan made when he took charge
in October 2016, was to get rid
of the sales incentive plan that led to
millions of fake accounts.
They engaged
in some
fake accounts,
in millions of fake accounts.
The Wall Street megabank has been
in the Massachusetts senator's crosshairs since it came to light
in 2013 that it created as many as 3.5
million fake accounts for customers, resulting
in millions of dollars
in fraudulent fees and weakened credit scores.
«Replacing an insider CEO who personally profited from the bank opening
millions of fake accounts with another highly placed insider who personally profited from the same activity does not lead to change at the bank,» Warren told Vox
in an interview after the hearing.
Wells Fargo
in 2016 was fined $ 185
million for issuing
millions of fake credit card
accounts.
He had 2
million in shares
of Wells Fargo stock — and he got up every quarter during the
fake accounts scandal and told potential investors that Wells was a great deal because
of the cross-sell ratio.
Wells Fargo has run into problems
of late following a scandal, revealed last September,
in which thousands
of its employees opened
millions of fake accounts for unwitting customers over a decade and a half, if not longer.
To top it all off, 2016 and 2017 witnessed their now infamous «
fake accounts» scandal that impacted literally
millions of customers and involved tens
of millions in falsely opened
accounts.
Some
of their placards read: «Support Anti-Corruption Crusade, Probe Executive Looting
in Ekiti», «We Don't Want a Criminal as our Governor
in Ekiti», «Fayose Stole N750
million from Ado - Ifaki Road
Account,» Grids Associates, Fayose's Conduit Pipe», «Fayose's Wife is a
Fake Prophetess, where is Ekiti's N100
million», «What Happened to Ekiti Airport Fund», «Fayose Must Go», «Access Bank is Aiding Fraud
in Ekiti», Fayose is a Disgrace to Ekiti People», among others.
«The PAYEE
account as a result
of deductions from workers is not up to N850
million in actual fact, but the figure was inflated so that the balance would end up
in private pocket while the
fake figure is
in government's books,» Olatunbosun said.
Facebook yesterday said it axed 583
million fake accounts in the first three months
of 2018.
Free sites are only invested
in your success, not saying that they have «
millions of singles» when the truth about those so - called «
millions» is that they are
fake accounts created by the site admins, or they are abandoned
accounts by people smart enough to use the trial & quit before the rip - off fees start.
In August 2012, Facebook revealed that more than 83
million Facebook
accounts (8.7 %
of total users) are
fake accounts.
Meanwhile, advances
in machine learning have allowed Facebook «to find more suspicious behaviors without assessing the content itself» to block
millions of fake account creations per day «before they can do any harm,» says Chakrabarti.