Apr 5, 2017
The Department of Labor's Occupational Safety and Health Administration (OSHA) has ordered Wells Fargo to pay $5.4 million to the government and to return a former bank manager to his job. He was fired for blowing the whistle on the bank’s fraudulent behavior in 2010 when bank employees and managers were being put under quotas to bring in new accounts. Thousands of those new bank and credit card accounts turned out to be for fictitious persons, all due to the pressure to meet quotas. The whistleblowing manager was dismissed from Wells Fargo after reporting separate incidents of suspected bank, mail and wire fraud at his branch in the Los Angeles area.
Citing the OSHA Whistleblower Protection Program, Wells Fargo was forced not only to reinstate the manager to his job but to compensate the manager for both lost earnings and attorney's fees.