Wells Fargo discharges more than 100 workers over abuse of SBA relief program

Wells Fargo fired more than 100 employees for improperly applying for a Covid-relief program that allowed small businesses to request $10,000 grants, Bloomberg News reported, citing an unnamed source familiar with the matter.

The employees applied for the emergency grants available under the Small Business Administration’s Economic Injury Disaster Loan program, which also allowed eligible small business owners to borrow up to $2 million. 

“We have terminated the employment of those individuals…



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