The fraud at Wells Fargo Bank dominated the news for weeks in 2016. Revelations that millions of bogus customer accounts had been established by bank employees over a period of 5 years. CEO John Stumpf being pummeled on national television by US congresspersons, and the news that some $41 million of his compensation had been clawed-back. 5,300 employees fired. $185 million in fines. And, the loss of a number of Wells Fargos largest customers who did not want to be tainted by association with the troubled bank.

In a response with 150 words or more, please respond to the following question regarding the fraud Wells Fargo dealt with back in 2016.

1. What are the important lessons that could be learned by other organizations from this massive fraud at Wells Fargo?