The news is out: [Wells Fargo says it’s fired workers who bilked a federal coronavirus relief program. A source tells CBS News 100 to 125 workers were shown the door.
David Galloreese, head of the bank’s Human Resources department, said in an internal memo provided to CBS News that the workers “defrauded” the Small Business Administration’s Economic Injury Disaster Loan program.
It was designed to aid companies hurt by the coronavirus shutdown.
The program offered grants of up to $10,000 for businesses impacted by the coronavirus. But Well Fargo says it discovered that some of its employees got loans from the program and put the funds into their personal accounts.]
The American taxpayer is like a chicken being plucked.