Research fraud cases that involved agency conflicts. Provide the following:
· Overview of the organization
· Who was involved?
· How was the fraud committed?
· What was the outcome?
· What recommendations do you have to stop such a fraud relating to this conflict of interest?
Sample Solution
Wells Fargo Fake Accounts Scandal (2016): In 2016, it was uncovered that Wells Fargo employees had opened millions of fake bank accounts in order to meet unrealistic sales goals and earn bonuses. The scandal revealed a conflict between the desire for short-term profits and long-term customer loyalty.