Cloaked deception. Outright lies. Unfairly demoting and even firing employees who just wanted to do the right thing.
With the recent backlash against Wells Fargo’s alleged culture of unfair business practices — including wrongfully terminating workers who tried to meet unreasonable sales quotas without resorting to fraud over the past decade — it’s not surprising that more of their victims are coming forward.
If you’re a victim of Wells Fargo’s underhanded and unethical tactics, we may be able to help you.
Did You Work for Wells Fargo?
If you worked for Wells Fargo over the past 10 years and were penalized for not meeting an aggressive sales quota, you may have legal recourse.
Some of the unfair, unethical business practices that former Wells Fargo employees cite happening as far back as 2006 include:
- Forcing employees to resign for failing to meet sales quotas
- Wrongfully terminating employees who refused to commit fraud
- Unfairly demoting employees who would not open fraudulent accounts
- Promoting and otherwise rewarding employees who opened fraudulent accounts
- Requiring employees to meet unreasonable sales quotas
- Ordering employees who did not meet their daily quotas to work additional hours without pay
In some cases, former Wells Fargo workers have alleged that the bank required employees to meet quotas of up to 10 accounts per day. According to firsthand accounts, employees who tried to meet the bank’s rigid requirements paid the price through the loss of wages and benefits — and the anxiety, embarrassment, and humiliation that came with the job.
Wells Fargo: Putting Profits Over Employees
Wells Fargo managers and executives allegedly benefited from forcing employees to strive toward unattainable goals (and from employees who used fraudulent methods to reach those goals). The bank and its executives were allegedly aware that many of their employees were illegally opening accounts to meet ridiculously high quotas — and the profit came on the backs of their employees.
In some corporate cultures, it’s not uncommon for management and executives to force good employees out — particularly when those employees have refused to give in to the pressure to commit fraud and other crimes. Bankers with Wells Fargo have been accused of constantly monitoring employees, even going so far as to demand progress reports as many as four times per day.
Why would Wells Fargo, or any corporation, engage in these types of practices?
Many people accuse the banking giant of caring only about their bottom line… and that’s not fair to the employees who took the rap for the company’s bad behavior. According to the most recent reports, Wells Fargo executives benefited from crushing employees who were only trying to meet quotas and leave each day without losing their jobs — and that’s just not right.
Suing Wells Fargo
It’s illegal for a company to wrongfully terminate someone’s employment for certain reasons. If your employer has acted unfairly, as Wells Fargo has been accused of doing, you may have legal recourse that helps compensate you for your losses the company caused.
You may need to talk with an employment lawyer in Glendale California or the surrounding Los Angeles area to find out whether you have legal recourse. Employment law (and what happens when a company breaks it) can become confusing, so it’s best to work with an experienced attorney who understands where you’re coming from… and who can help you get what you deserve for doing the right thing.
Wrongful Termination: What You Need to Know
If you worked for Wells Fargo and were a victim of this scandal, you may have a claim. Some former Wells Fargo employees have been successful in showing that Wells Fargo:
- Misled employees about their chances for promotions and wage increases
- Fabricated reasons to fire employees when the company’s true motivation was to cover up fraudulent and deceptive business practices
- Reneged on contracts they had with employees
- Forced employees to commit fraud or risk the loss of their jobs
Unfortunately, more people are coming forward with allegations that Wells Fargo used deceptive and unfair tactics when dealing with their own employees — and if it happened to you, too, you’re not alone.
Working With an Experienced, Talented Attorney Who Puts Your Needs First
Yeremian Law understands wrongful termination, deceptive business practices, and fraud.
Yeremian Law Can Help You.
If you’re a victim of Wells Fargo’s unfair and illegal business practices, please call us at (818) 230-8380 or contact us online for a free case evaluation. You may be entitled to compensation.
We work hard to protect employees from big corporations that try to turn their lives upside-down so some CEO can line his pockets and fly in a private jet — and we’re ready to fight for justice in your case, too.