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Wells Fargo Executive Fired Whistleblower, Lawsuit Says

Justice League

A never ending problem for Wells Fargo..

Robert Trojan was the chief executive at a banking trade group when he found something concerning: The organization’s accounting firm had an undisclosed conflict of interest, according to a lawsuit he filed against his former employer and Wells Fargo last month in New York’s Southern District.

A day after he formally raised his concerns, he was fired.

The lawsuit says that while he was running the Commercial Finance Association, which represents lenders who make loans on companies’ assets and invoices, Trojan found that the group’s auditor, Freed Maxick, wasn’t fully independent. The suit details how Trojan raised the issue of Freed Maxick’s undisclosed business with CFA members to three of the organization’s former finance staffers.  If an auditor was also working for one of the group’s members, it would effectively be working to audit itself. One of the people Trojan said he raised…

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