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Wells Fargo Tax Shelter Scam

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Beware of 4-legged financial scam. If the image shows up in an older listing, it’s most likely a scam. Go to the local animal shelter. According to The Humane Society of the United States, approximately 2.7 million pets in shelters go unadopted each year. If you really want to help a puppy or kitten in need, make an in-person visit to the shelter in your town.

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Accounting News Roundup: KPMG and Wells Fargo; Pass-through. – A different giant rabbit. kpmg and Wells Fargo As if KPMG hasn’t had a rough enough month already, that Wells Fargo stink is not washing off: Two U.S. Senate Democrats are asking a U.S. audit watchdog to review whether KPMG failed to disclose or prevent fraud when it audited wells fargo’s books during the time [.]

New Wells Fargo Investigation Focuses On Bank Defrauding. –  · Wells Fargo is the largest buyer of the tax credits under the program. The bank said that it had invested $9 billion into the program over the previous five years. Banks benefit by buying the tax credits through tax write-offs and credit under the Community Reinvestment Act .

All the Ripoffs and Scams Wells Fargo Pulled on Customers. – Wells Fargo’s most famous scam ended with a bang. After employees were caught opening millions of accounts without customers’ permission, the bank agreed to pay $185 million in fines.

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Wells Fargo CEO reveals the scam at the heart. – ThinkProgress – Wells Fargo CEO reveals the scam at the heart of Republicans’ tax bill Say it with me: trickle-down economics doesn’t work. rebekah entralgo Twitter Dec 19, 2017, 10:52 am

United States : Wells Fargo Donates $330,000 to Tornado and Flood Relief Efforts – The Wells Fargo Foundation will donate $307,500 to the American Red Cross for immediate needs including shelter, meals, emotional support. In 2019, the company is targeting 2% of after-tax profits.

Wells Fargo: Poised For 2019 Turnaround? – Results next year will be normalized for tax reform and Wells Fargo will have another year removed from the fraud allegations, allowing for the large bank to start benefiting from easy comps in 2017.

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Wells Fargo exploited a tax loophole to give a $100 million “bonus” to exec at heart of scandal – Taking advantage of a tax law loophole, Wells Fargo gave a “bonus” of over $100 million to Carrie Tolstedt, an executive who oversaw Wells Fargo’s Community Banking group where much of the fraud.

After Change In Tax Law, Wells Fargo Swoops In – The amount of lost tax revenue would depend on the future profitability of Wells Fargo and the losses on Wachovia’s loans, but based on Wells Fargo’s financial disclosures, it could shelter $74.

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