Wells Fargo’s Ex-Chief Fined $17.5 Million Over Fake Accounts

But on Thursday, Wells Fargo’ s former chief executive John G. Stumpf was fined $17.5 million— the largest individual fine in the history of the bank’ s main federal regulator— for his role in a toxic sales culture that foisted unwanted products and sham bank accounts on millions of customers. In settlements with the Office of the Comptroller of the Currency, Mr….