Tag Archives: John Stumpf

Senate Dems to DOJ: Don’t Let Wells Fargo Executives Off the Hook

Not doing so, they warned, could reinforce ‘the notion that the wealthy and powerful have purchased a higher class of justice for themselves’

By Deirdre Fulton, staff writer for Common Dreams. Published 9-5-2016

Wells Fargo CEO John Stumpf testified on Capitol Hill last month. Photo: YouTube

Wells Fargo CEO John Stumpf testified on Capitol Hill last month. Photo: YouTube

In a blistering letter sent Wednesday, 14 U.S. senators demand the Department of Justice (DOJ) “thoroughly investigate the culpability of senior executives” at Wells Fargo as part of its probe into the financial giant’s recent fake-accounts scandal.

Not to do so, they warn, could reinforce “the notion that the wealthy and powerful have purchased a higher class of justice for themselves.”

The missive from senators including Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), and Al Franken (D-Minn.) to Attorney General Loretta Lynch cites a 2015 memo in which the DOJ vowed to finally crack down on corporate criminals. Continue reading

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