Yet another scandal has reportedly broken out at Wells Fargo.
The bank has fired or suspended at least a dozen employees at its investment bank – Wells Fargo Securities – over allegations these individuals doctored after-hours dinner receipts and charged it to the company in violation of etiquette, The Wall Street Journal reported on Thursday, citing people familiar with the matter. The bank is also investigating dozens more.
These Wells Fargo employees are said to have regularly ordered dinner through online delivery services in violation of the company’s policy, which allows for dinner orders for employees who stay at work past a certain hour. Sources told the Journal that the individuals in question altered time stamps on their receipts in order to get reimbursed for the meals.