Banking company Wells Fargo is now in the middle of another scandal.
Wells Fargo employees have been signing customers up for a Prudential life insurance policy without their knowledge and consent. Some of these policies may have been paid for by inactive accounts and applications include fake home and email addresses.
Three former Prudential employees have filed a lawsuit against the company. In this lawsuit, they say that they had been punished by their employer for not taking part in the coverup. They had been put on unpaid administrative leave. The former employees suspect they have been fired, though they say Prudential has not formally notified them despite referring to them as former employees. Prudential claims that the former employees have been terminated for reasons unrelated to the scandal.
Prudential stated that they had canceled the life insurance policies through Wells Fargo. They also said that any Wells Fargo customers with concerns can contact a customer hotline to see if they’re eligible for refunds.