Wells Fargo Fires Employee For Shoplifting 40 Years Ago

H. Scott English

Yolanda Quesada was in for a huge shock when she got to work this week. Her employer Wells Fargo informed her that an FBI background check revealed that she had been convicted of shoplifting more than 40 years ago. Wells Fargo then terminated her employment with the company.

Quesada can't understand why a shoplifting conviction which happened more than 40 years means she needs to be terminated from her job.

"[I'm] very good at what I do for Wells Fargo," Quesada told a local television station.

The Milwaukee Journal Sentinel is reporting that Quesada, who is 58 years old, received a report in the mail from an FBI background check. A Wells Fargo spokesman told the Journal-Sentinel that the company started performing thorough background checks on all employees due to changes in regulations in the law.

Wells Fargo Spokesman Jim Hines said,

"Because Wells Fargo is an insured depository institution, we are bound by federal law that generally prohibits us from hiring or continuing the employment of any person who we know has a criminal record involving dishonesty or breach of trust,"

Quesada is only one of many Wells Fargo workers to lose their jobs in recent months. The bank is the largest bank in the country by market cap, but has been plagued by a string of lawsuits questioning their business practices.