Wells Fargo CEO Faced Citizen's Arrest


Time to call in security.

Wells Fargo CEO John Stumpf faced the prospect of a citizen's arrest Tuesday at the bank's annual shareholder meeting.

Around a dozen people protesting the bank's mortgage policies disrupted the meeting, and one of them tried to make a citizen's arrest of the CEO.

Needless to say, private security guards took care of the protesting arrester, and escorted him from the building.

The nearest thing to a big US bank CEO arrest came 3 years back, when JPMorgan Chase CEO Jamie Dimon was named on an arrest warrant issued because of an illegal tyre dump located at 1462 Memorial Drive, Atlantic City.

There were said to be thousands of old tyres and other rubbish on the site, and local officials established that JPMorgan Chase had some kind of financial or ownership interest in the property, and served notice on the bank.

When no-one from JPMorgan Chase showed up, the Atlanta City Solicitor's Office issued the arrest warrant. The bank soon sorted it out, however, and the arrest warrant was quickly cancelled.

image: © banspy

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