Money

Video: Wells Fargo Fires Richard Eggers for Petty Crime He Committed as a Teen in 1963

| by Michael Allen

The U.S. Justice Department recently announced it would not be filing criminal charges against any Wall Street executives, but people much lower on the pay scale are getting axed for minor crimes committed as teens.

Richard Eggers was recently fired from his job at a Des Moines, Iowa, Wells Fargo bank because a sheriff caught him in 1963 trying to use a fake coin to get a free load laundry and charged the teen with fraud, reports the Daily Mail.

Now, the 68-year-old Eggers is looking for a new job and wants to take Wells Fargo to court, but the bank has the law on their side.

A new federal law that forbids insured depository institution from hiring people with criminal histories. The Des Moines branch of Wells Fargo ran all of their employees fingerprints and background checks, and discovered Eggers' past crime, reports ABC 5.

Popular Video

This judge looked an inmate square in the eyes and did something that left the entire courtroom in tears:

Eggers told ABC 5: "I figured my record was squeaky clean. It was a stupid stunt, I'm not proud of it, but I don't think that it warrants a termination almost a half a century later."

Yolanda Quesada, of Milwaukee, shoplifted clothes from a department store as a teenager. At the time of the conviction she paid her a $50 fine, but when her Wells Fargo Home Mortgage branch did a background check, the 58-year-old woman was fired.

Wells Frago spokesperson Angela Kaipust told ABC News: "We don't have discretion to grant exceptions in situations like this. Once we find out someone has a criminal history of dishonesty or breach of trust we can no longer employ them."