Thread regarding Wells Fargo & Co. layoffs

Bad news again: Wells Fargo parts ways with shady broker who allegedly bilked family out of millions

https://nypost.com/2019/07/24/wells-fargo-parts-ways-with-shady-broker-who-allegedly-bilked-family-out-of-millions/

Q: Where do they find these people?

Wells Fargo has parted ways with a shady Staten Island stockbroker who, The Post reported earlier this year, had allegedly bilked a New Jersey widow and mother of three out of her life savings.

Leonard Kinsman had been accused of squandering a $2.25 million insurance settlement awarded to Robin Fratto of Freehold, NJ, after her husband died unexpectedly in 2011, The Post first reported in April.

Kinsman, whose work history included a stint in a Mafia-tied boiler room, had been a part of a Wells Fargo’s network of brokers, which allows financial advisers to act independently but use the bank’s investment systems and compliance software.

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| 1162 views | | 3 replies (last August 5, 2019) | Reply
Post ID: @OP+10fT6Htk

3 replies (most recent on top)

A wrong bank... that was JPM

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Post ID: @9fur+10fT6Htk

Nothing new, remember, Wells took a write off from the Bernie Madoff scandal.

A lot of people missed the most important part of the Madoff scandal, that banks like Wells should have known something was wrong, but said nothing.

When I'd tell people I work for Wells, I used to hear things like "Oh, that is a very well run company".

Yeah, it's not.

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Post ID: @5jdu+10fT6Htk

Yeah we've known that everyone been stealin'.

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Post ID: @mvq+10fT6Htk

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