Wells Fargo replaces key executive in fake accounts scandal

September 19, 2016 8:03 PM

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The Wells Fargo officer in charge of policing the division that created millions of fake accounts has been replaced.

Claudia Russ Anderson began a six-month leave of absence as the retail bank's chief risk officer in June, a Wells Fargo (WFC) spokeswoman told CNNMoney on Monday. She has been replaced by Vic Albrecht, a 35-year veteran of the company.

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