3.5 million…
That’s the estimate for how many “ghost accounts” were created by banking giant Wells Fargo.
That’s about 1% of the total U.S. population. It’s also roughly the population of the state of Connecticut.
You’ve likely heard the story already, so I won’t go into all the details. But here’s the gist…
Wells Fargo created millions of fake accounts for its customers… to charge them fees for services that they never requested.
It was later discovered that Wells Fargo was signing customers up for unwanted insurance policies as well—again, to charge customers for services that they never requested. This was outright fraud.
It’s for reasons like this that a new type of technology has burst onto the scene. It enables secure, reliable, and transparent transactions… without the potential for manipulation by big financial institutions.
As an investor, this technology needs to be on your radar.
Here’s why…