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Thursday, February 9, 2023
HomeCryptocurrencyRipple 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, displaying 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} latest record-breaking superb levied in opposition to Wells Fargo for its years-long mistreatment of shoppers was not met with a degree of concern because the FTX scandal

Wells Fargo has been slapped with a record-breaking superb of practically $4 billion by the Client Monetary Safety Bureau after years of mistreating its prospects. 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 prospects alike. 

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

In the meantime, Bahamian prosecutors just lately introduced legal costs in opposition to Sam Bankman-Fried, who they allege performed a central function in hiding info associated to the collapse of cryptocurrency alternate FTX from traders 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….”

BitcoinMasterNews

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