Blog on the Run: Reloaded

Friday, June 15, 2012 7:42 pm

Calling Wells Fargo out

Filed under: Odds 'n' ends — Lex @ 7:42 pm
Tags: , ,

I don’t think I’ve ever met George Hartzman in real life — and I apologize to him if I have and don’t remember. In the local blogosphere, he runs the Triad Watch blog, with a related Facebook group of which I am a member for reasons that date back to my social-media work at the News & Record. He also has a personal blog.

George has filed a complaint with the N.C. Securities Division against Wells Fargo, alleging violations of Sarbanes-Oxley. That would be the same Wells Fargo for which he currently works.

I’ll let you read it for yourself. But my gut reaction is that there are two and only two possible explanations for his doing so.

1) He is delusional.

2) He is, whether right or wrong, stone-cold certain he has caught his employer violating the law, has tried to work within the company to have the violations corrected and has failed to do so, and is pursuing the only avenue he sees left to protect his clients’ interests.

If the correct answer turns out to be No. 2, I’m not sure how he even gets in his car every morning, what with those big, brass balls clanking around and all.

(h/t: Ed)

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4 Comments »

  1. Remembering what happened to Martin Eakes, we might need to hire George a security detail.

    Comment by Billy Jones — Friday, June 15, 2012 10:59 pm @ 10:59 pm | Reply

  2. Funny; I’d had the same thought. Actually, not funny at all.

    Comment by Lex — Saturday, June 16, 2012 10:03 am @ 10:03 am | Reply

  3. George showed up on the porch with his new dog one night this week seeking shelter from the rain. We have cats, so I couldn’t let him in, but I got him a towel and we stood on the porch talking about what was about to transpire. Despite his inability to write or speak in public very effectively, in person it’s another thing entirely. I can’t help but like the guy and Lord knows I’ve tried not to. I believe him to be a genuine American hero,.

    Comment by Fec — Saturday, June 16, 2012 1:09 pm @ 1:09 pm | Reply

  4. Reserving judgment for the moment on the merits of his allegations, he — anyone, really — has to be either very crazy or very brave to accuse his employer, in public, of violating the law. A libel suit could end up being the least of his problems. Despite the problems I have understanding his writing sometimes, I’m reasonably sure that anyone who does CE in ethics for accountants understands the risks he is taking. In the end he might or might not be right (or be able to prove his allegations), but I don’t doubt for a second that he believes he’s right. And, sadly, his accusations, given what we have learned about our banks and accountants and the contempt in which some of them hold their fiduciary obligations, are at least plausible.

    Comment by Lex — Saturday, June 16, 2012 1:35 pm @ 1:35 pm | Reply


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