Well’s Fargo 401k Plans Robbed- Thousands Missing

According to a Minnesota TV station, a Wells Fargo 401(k) plan operations manager has been accused of robbing 401k plan accounts.

The 401k Operations Manager, who oversaw the 401k daily fund operations, allegedly disbursed money from dormant 401k accounts to fictitious names he created. He then had the checks sent to his own office and deposited the funds into his own account,

HOW THE 401K ACCOUNTS WERE ROBBED

Point-by-point, this retirement operations manager eluded what should have been Well

March 3, 2008 | Filed Under Corporate 
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