With the resignation of CEO John Stumpf and the implementation of a trust building turnaround plan, the worst seems to finally be behind Wells Fargo ( NYSE: WFC ). At least when it comes to the embarrassing and deeply disturbing fraudulent account scandal that has dominated headlines for the last few weeks. Let's take a fact-based look at just how bad things got, how the guilty were rightfully punished, and more importantly what Wells Fargo is doing to regain the trust of its customers, and shareholders. Let me be clear: Stumpf was rightfully forced out In my first article about the fraud scandal I gave the bank's upper management, especially CEO John Stumpf, the benefit of the doubt. Specifically, as to whether or not he knew about the abusive and toxic climate being fostered at the individual branch level. This resulted in dozens of angry comments accusing me of defending what many today understandably consider a banking culture ripe with greedy, villainy, and outright consumer theft.