Wells Fargo Fudged Their Numbers

[godoftrading]

RGE Monitor

Wells Fargo changed its write-off policy on April 2008: only loans 180 days past due would be written off instead of loans 120 days past due as before--> Wells Fargo earnings would have been $265m lower and results would have come in below estimates without the accounting change

[SecheKrate]

It's not really fraud just a change in policy. However this does have severe ramifications for its entire credit structure.