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16-Sep-2016 13:34

The employee, who has since left Wells Fargo, declined to comment for this story.

The Wells Fargo sales tactics revealed by regulators in September were staggering in scope: 5,300 employees fired over the creation of as many as 2 million fake accounts between 20.

It said the illegal activity in Northern California was "widespread and so highly encouraged that it has become a normal sales practice." The employee copied Stumpf on a second letter addressed to the audit and examination committee of Wells Fargo's board of directors.

That letter to the board made similar warnings of "illegal and unethical activity and fraud," adding that the "activities remain ongoing to this day." CNNMoney hasn't been able to determine whether the letters were actually sent, nor whether Stumpf or the board members read or received them.

Usually this is an error, but a former Century Link employee claims that some workers at the telecom company were deliberately adding these charges to pad their sales figures.

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"Left unchecked, the inevitable outcome shall be one of professional and reputational damage, consumer fraud and shareholder lawsuits, coupled with regulator sanctions," the letter warned.Job Description At Wells Fargo, our vision is to satisfy our customers' financial needs and help them succeed financially.In this role, you will help us deliver on our vision and build lifelong relationships with our customers.The San Francisco-based lender settled a lawsuit last week with former branch manager Mark Stroud, who sued the bank and bank investigator Chuck Owens for wrongful termination and civil conspiracy, according to federal court records. In April, a lawsuit filed by seven former tellers was settled and removed from the Beaufort County Court of Common Pleas roster, according to the Beaufort County Clerk of Court office.

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The tellers sued the bank and Owens for wrongful termination.To cover their tracks, claims the former staffer, these employees falsely indicated in the Century Link system that the customer had approved these updates.



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