Wells Fargo Fires Employees Over Food Orders

'Wall Street Journal' reports bank investigating doctored receipts on meals
By Arden Dier,  Newser Staff
Posted Aug 31, 2018 10:11 AM CDT
Wells Fargo's New Scandal Is Surprisingly Small-Scale
This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia.   (AP Photo/Matt Rourke, File)

Some Wells Fargo employees are losing their jobs for an unexpected reason—bogus receipts over meals. The Wells Fargo Securities employees, who are reimbursed for at-work meals after 6:30pm, were found to have altered time stamps on receipts for meals ordered earlier, sources tell the Wall Street Journal. The newspaper says the scheme allegedly began with junior employees at the San Francisco office before expanding to include managing directors and offices in New York and Charlotte, NC. More than a dozen employees have been fired or suspended, and dozens more are being investigated.

It's not the only Wells Fargo problem, however. The bank has interviewed dozens of women regarding complaints of gender bias in its wealth-management division; at least one complaint names its chief, Jay Welker, per the Journal. "We take seriously any allegation raised by a team member, or against a team member," a spokeswoman says, adding concerns are "thoroughly and objectively investigated." Per the St. Louis Post-Dispatch, 33 of 45 regional managing directors in the division are male, as are the seven senior managing directors and four top executives at the bank. (Wells Fargo recently admitted that a company mistake contributed to hundreds of foreclosures.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.