After being slammed a sanction worth $3 billion for creating wrong accounts, misusing customers” information, and conducting fraudulent transactions, Wells Fargo fake accounts fiasco has landed the Bank into more trouble than imagined. However, through its recent $5 million blockchain project Elliptic investment, the Bank is looking to get out of its current predicament and would mark a 180-degree shift from its initial stance on cryptocurrency. Reportedly, San Francisco’s Wells Fargo bank was implementing policies that pressured their staff to meet unrealistic sales goals between 2002-2016. This prompted the bank staff to begin to operate unprofessionally, falsifying bank records, creating
