Wells Fargo Fires More Than 100 Employees Accused Of Coronavirus Relief Fraud

Wells Fargo has fired more than 100 employees, saying they personally defrauded a coronavirus relief program from the U.S. Small Business Administration.

In a memo sent Wednesday and obtained by NPR, the company said it had identified employees that it believes made false representations in applying for relief funds through the SBA’s Economic Injury Disaster Loan program.

The employees’ actions were outside of their work responsibilities, the company said.