Wells Fargo Whistle-Blower Wins $5.4 Million and His Job Back

Labor News

Wells Fargo has been ordered to pay an employee it fired in 2010 after he reported suspected fraud. Credit Patrick Sison/Associated Press

Reprinted from The New York Times by Stacy Cowley on April 3, 2017.

A federal regulator on Monday ordered Wells Fargo to pay $5.4 million to a former manager who said he was fired in 2010 after reporting to his supervisors and to a bank ethics hotline what he suspected was fraudulent behavior.

The bank must also rehire him, the Labor Department’s Occupational Safety and Health Administration said.

The $5.4 million, intended to cover back pay, compensatory damages and legal fees, is the largest individual award ever ordered through OSHA’s whistle-blower protection program, according to Barbara Goto, the agency’s regional administrator in San Francisco.

It is also the first financial penalty against a company that the agency has announced in a news release since President Trump was inaugurated. …

“Unemployed whistle-blowers can’t financially afford to wait six years for justice,” said Tom Devine, the legal director of the Government Accountability Project, a nonprofit group that is an advocate for whistle-blowers. “With those kinds of delays, it’s like getting a heart transplant after the patient has died.”

NY Times 4/3

About Jeffrey Burman 3851 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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