Workers at shuttered Wells Fargo call center in Bethlehem accuse bank of sending their jobs overseas

Workers whose jobs are among 460 to be eliminated at a Bethlehem Wells Fargocall center are alleging in federal documents that the company is shipping their work overseas.

Three call center employees, Lou Falcone, Morgan Weinhold and Karrissa Arevalo, this week filed a petition for Trade Adjustment Assistance with the U.S. Labor Department, seeking additional job training and re-employment assistance through the federal program that is designed to help workers who lose their jobs due to the impact of foreign trade.

The workers’ petition is listed online as under investigation until the Labor Department makes a determination to certify or deny the request.

In the filing, the workers base their request on “CEO affirmation on various media outlets” of jobs being shipped overseas, as well as foreign job postings in their call center. The workers do not have listed telephone numbers and could not be reached for comment.

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TRUMP’S INFLUENCERS Commerce Secretary Wilbur Ross Benefits From Business Ties To Putin’s Inner Circle

KEY FINDINGS

  • Owns a stake through offshore entities in Navigator Holdings, a shipping firm that receives millions of dollars from a company owned by Vladimir Putin’s close allies.
  • Relationship poses potential conflicts of interest for Ross, who plays a major role in U.S. economic relationships with other countries, including Russia.
  • Ross’ continuing Navigator investment was so indirectly disclosed that Senators who voted on his confirmation didn’t know about it.

U.S. Commerce Secretary Wilbur L. Ross Jr. has a stake in a shipping firm that receives millions of dollars a year in revenue from a company whose key owners include Russian President Vladimir Putin’s son-in-law and a Russian tycoon sanctioned by the U.S. Treasury Department as a member of Putin’s inner circle.

Ross, a billionaire private equity investor, divested most of his business assets before joining President Donald Trump’s Cabinet in February, but he kept a stake in the shipping firm, Navigator Holdings Ltd., which is incorporated in the Marshall Islands in the South Pacific. Offshore entities in which Ross and other investors hold a financial stake controlled 31.5 percent of the company in 2016, according to Navigator’s latest annual report.

Among Navigator’s largest customers, contributing more than $68 million in revenue since 2014, is the Moscow-based gas and petrochemicals company Sibur. Two of its key owners are Kirill Shamalov, who is married to Putin’s youngest daughter, and Gennady Timchenko, the sanctioned oligarch whose activities in the energy sector, the Treasury Department said, were “directly linked to Putin.”

Another powerful owner is Sibur’s largest shareholder, Leonid Mikhelson, who controls an energy company that was also sanctioned by the Treasury Department for propping up Putin’s rule.

As commerce secretary, Ross has direct authority over trade and manufacturing policy and is an influential voice in the government on virtually any aspect of the U.S. economic relationship with other countries, including Russia. In recent years, tensions between the United States and Russia have escalated, with the United States imposing sanctions against Russia after its 2014 invasion of Crimea and its interference in the 2016 presidential election.

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Explore The Influencers: Donald Trump’s allies in the Paradise Papers

https://projects.icij.org/paradise-papers/the-influencers/#/

Source: ICIJ

Wells Fargo faces lawsuits over mortgage and auto loans

(Reuters) – Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday.

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Wells Fargo’s board under fire for spending half a million on lobbyists in last year

Wells Fargo’s board of directors is receiving criticism from banking experts for spending more than half a million dollars in 2017 to hire lobbyists, after it received multiple inquiries from state and federal regulators following the bank’s bogus accounts scandal.

“The board has paid $600,000 to Brownstein Hyatt Farber Schreck – among the largest lobbying firms in Washington – from Oct. 1, 2016, to Sept. 30, an Observer search of lobbying activity on Opensecrets.org found,” The Charlotte Observer reports. “Federal reports filed by Brownstein show the firm has received $150,000 every quarter since the scandal erupted in September 2016.”

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Ex-JPMorgan Wealth Manager Recounts Life-Altering Firing

  • Jennifer Sharkey says she blew the whistle on red-flag client
  • Sharkey’s firing ‘like taking your life away,’ she testifies

More than eight years after she was fired from JPMorgan Chase & Co.’s private wealth management group, Jennifer Sharkey told jurors the experience was “like your whole life is taken away from you.”

Sharkey testified at her trial in Manhattan federal court that the bank terminated her in 2009 for raising red flags about a client she suspected of fraud and money laundering. The experience caused her extreme anxiety and sleepless nights, she said. It has also prevented her from working in banking because of news reports about her suit, which has been delayed for years because of pretrial appeals.

“It’s just very distressing, upsetting,” Sharkey testified under questioning by her lawyer, Douglas Wigdor. “Just feeling that it was all taken away from me just like that.”

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Trump’s Would-Be Drug Czar Helped the Drug Profiteers

 

Rep. Tom Marino has withdrawn his nomination as President Trump’s new drug czar after revelations he pushed through a measure that worsened the U.S. opioid epidemic. NEP’s Bill Black says Marino and other lawmakers have been bought off by pharmaceutical companies he says have acted as “illicit, criminal, drug dealers” on The Real News Network. You can view with transcript here.