Wells Fargo agreed to pay $3 billion to settle
criminal and civil investigations into a long-
running practice whereby company employees
opened millions of unauthorized bank accounts
in order to meet unrealistic sales goals.
Since the fake-accounts scandal came to light
in 2016, Wells has paid out billions in fines to
state and federal regulators, reshuffled its board
of directors and seen two CEOs and other top-
level executives leave the company. Wells Fargo’s
reputation has never fully recovered from the
sales scandal, even four years later.