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HomeCryptoRipple CEO Claims Wells Fargo Scandal Deserves Extra Consideration

Ripple CEO Claims Wells Fargo Scandal Deserves Extra Consideration

Ripple CEO Brad Garlinghouse has tweeted an FTX-related meme Wednesday, exhibiting DC Comics superhero Batman slapping his protégé Robin. Robin’s caption reads, “However Wells Fargo criminality!” whereas Batman’s response is a vehement “We solely care about FTX.”

Garlinghouse commented alongside the meme, expressing frustration {that a} current record-breaking effective levied in opposition to Wells Fargo for its years-long mistreatment of shoppers was not met with a stage of concern because the FTX scandal

Wells Fargo has been slapped with a record-breaking effective of practically $4 billion by the Shopper Monetary Safety Bureau after years of mistreating its clients. Going again over a decade, it is rising that Wells Fargo is amongst America’s worst-run massive banks, with a slew of complaints made by each staff and clients alike. 

All through the 2011-2020 interval, because the CFPB famous, Wells Fargo had not precisely documented the funds of shoppers on house and auto loans, actively repossessed some debtors’ automobiles or properties for unjustified causes, and charged overdraft charges even in conditions when clients had greater than sufficient funds to cowl their purchases. 

In the meantime, Bahamian prosecutors just lately introduced felony costs in opposition to Sam Bankman-Fried, who they allege performed a central position in hiding info associated to the collapse of cryptocurrency trade FTX from buyers and members of the general public earlier this yr. Bankman-Fried has been accused of securities fraud, wire fraud, and the misappropriation of funds.

In response to those occasions, Garlinghouse concludes his tweet with “Meals for thought….”

CoinsTeacher

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