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Is comparing the fraud allegations of Wells Fargo to Enron a fair representation?

  • Yes, comparing the fraud allegations of Wells Fargo to Enron is a fair representation.

    Yes, comparing the fraud allegations of Wells Fargo to Enron is a fair representation because the leaders of both organizations simply wanted to make as much money as possible at the expense of the people who trusted them. They have both proven to care about money and not about the people.

  • Yes, fraud is fraud.

    What Wells Fargo did is nothing less to what Enron did, they are in the same class of fraud, there are victims who have lost money or suffered privacy violation. Well Fargo opened accounts using names of current and former employees and customers across the nation and further charging them with unwarranted fees, so the representation is fair enough.

  • Well Fargo is no Enron

    Wells Fargo is not a criminal enterprise like Enron, despite the politicians claims. Enron purposely misled investors, employees, and the government by covering up crimes that were done to inflate profits. This was directed by the top levels of the company, including the CFO, and possibly the CEO. Wells Fargo's lower level employees engaged in bad behavior, but this was not known by top management.

  • No, it is not.

    It is not fair to compare the fraud allegations of Wells Fargo to Enron representation. This is because, bad judgment and poor management are not fraud. The Federal Reserve alleged that Wells Fargo Financial did not adequately detect and prevent instances of fraudulent loan applications and directing of prime borrowers into higher-cost nonprime loans.


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