R3 Blockchain Partner Faces Scandal with Calls for CEO’s Resignation
John Stumpf, “Mr. Clean” of American Banking known for the lack of controversy surrounding the bank he leads, is facing a major scandal. It’s led to calls for his resignation from Wells Fargo & Co., one of the U.S.’s big four banks. Stumpf, while in charge of Wells Fargo, led the bank record profits. But, the San Francisco-based lender was made to pay $185 million to settle allegations that it opened $2 million credit card and other accounts for customers without informing them. Stumpf, who became chairman in January 2010, became CEO in June 2007. He’s been a part of Wells Fargo’s....
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John Stumpf, “Mr. Clean” of American Banking who is known for the lack of controversy surrounding the bank he leads, is facing a major scandal. It’s led to calls for his resignation from Wells Fargo & Co., one of the U.S.’s big four banks. Stumpf, while in charge of Wells Fargo, led the bank record profits. But, the San Francisco-based lender was made to pay $185 million to settle allegations that it opened $2 million credit card and other accounts for customers without informing them. Stumpf, who became chairman in January 2010, became CEO in June 2007. He’s been a part of Wells....
A California politician has become embroiled in a growing controversy surrounding an investment company, an alternative digital currency and investors who say they've been duped. According to reports by The Pasadena Star-News, state and federal regulators are investigating US Fine Investment Arts Inc (USFIA), a company backing a digital currency called Gemcoin. The Los Angeles Times reports that the US Federal Bureau of Investigation (FBI) is also speaking with investors who have accused the company of running a scam. An official with the California Department of Business Oversight....
A global scandal has erupted with the release of the Panama Papers implicating world leaders, billionaires, dictators, drug kingpins, famous athletes, and even movie stars. Meanwhile, Bitcoin could be a solution to the wide-scale corruption by providing privacy for the masses and transparency for the mega-rich. The biggest leak in journalistic history,....
A former supporter of the Bitcoin mining industry and official in several of China’s regional government positions was sentenced by a court in the Zhenjiang Province. Xiao Yi was found guilty of abusing power and accepting over $20 million in bribes while serving as a public agent. Related Reading: Cardano (ADA) Has Finally Become King […]
Amid political turmoil in Iceland, Pirate party leader Rick Falkvinge has come out in support of “favourable” environments for Bitcoin and digital currencies. Iceland’s Pirate Party has gained a strong following in recent years, with many optimistic following the resignation of the country’s incumbent Prime Minister due to the Panama Papers scandal. Its....