Andy Green: Wells Fargo Fraud & KPMG

Andy Green Money Quote saying few have asked why outside auditors (KPMG) didn’t call attention to Wells Fargo fraudulent sales practices. Andy Green said:

There’s been far too little attention since the [Wells Fargo] crisis on how the external auditors [KPMG] should be looking out for the public. They are not just bookkeepers, but the investors’, and the capital markets’ last defense against accounting manipulation and fraud
— Andy Green

Elizabeth Warren: Bank CEO Massive Fraud

Senator Elizabeth Warren Money Quote saying about former CEO of Wells Fargo Bank, John Stumpf that he should face prosecution for fraud. Senator Elizabeth Warren said:

A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement
— Elizabeth Warren

A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement.

— Elizabeth Warren (@SenWarren) October 12, 2016

A bank teller would face criminal charges & a prison sentence for stealing a handful of 20s from the cash drawer.

— Elizabeth Warren (@SenWarren) October 12, 2016

If @WellsFargo’s John Stumpf is leaving with all of his ill-gotten millions, that's still not real accountability.

— Elizabeth Warren (@SenWarren) October 12, 2016

Maxine Waters: Wells Fargo to be Broken Up

Maxine Waters Money Quote saying as ranking democrat on House Financial Services Committee that she will move forward with action to break up Wells Fargo Bank. Maxine Waters said:

Wells Fargo should be broken up. It’s too big to manage. … some of the most egregious fraud we have seen since the foreclosure crisis. I’m moving forward to break up Wells Fargo bank.
— Maxine Waters

Bernie Sanders: Wells Fargo Business Fraud

Bernie Sanders Money Quote saying when Wall Street banks fraudulently open fake accounts to inflate stock prices, it is criminal behavior. Bernie Sanders said:

Business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal behavior at Wells Fargo
— Bernie Sanders

William Black: Weapons of Mass Destruction

William Black Money Quotation saying controllers are usually seen as harmless bean counters, when they are often dangerous financial criminals. William Black said:

Control fraud is what happens when the people who control, typically a CEO, a seemingly legitimate entity, use it as a weapon to defraud, and these are the weapons of mass destruction in the financial world — William Black

George Washington: Cash Ruins Commerce

George Washington Money Quotation saying his concerns over effects of paper money ruining business via fraud. George Washington said:
 

 

“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice” — George Washington

 
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