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Wed Oct 19, 2016, 10:41 PM

California launches criminal probe into Wells Fargo account scandal

Source: Reuters

The California Attorney General's Office has launched a criminal investigation into Wells Fargo <WFC.N> over allegations it opened millions of unauthorized customer accounts and credit cards, according to a seizure warrant seen by Reuters.

Attorney General Kamala Harris authorized a seizure warrant against the bank that seeks customer records and other documents, saying there is probable cause to believe the bank committed felonies.

The probe marks the latest setback for the bank in a growing scandal that led to the abrupt retirement of its chief executive officer, monetary penalties, compensation clawbacks, lost business and damage to its reputation.

<snip>

The seizure warrants by the state are seeking a variety of documents from Wells Fargo, including a list of all unauthorized California customer accounts created between May 2011 and July 2015. ... and the identity of all Wells Fargo employees that may have opened the accounts.

Read more: http://finance.yahoo.com/news/california-launches-criminal-probe-wells-fargo-account-scandal-212145940--sector.html



I hope something really bad happens to Wells Fuckgo and particularly the high up executives responsible.

6 replies, 1853 views

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Reply California launches criminal probe into Wells Fargo account scandal (Original post)
progree Oct 2016 OP
elmac Oct 2016 #1
cstanleytech Oct 2016 #2
freebrew Oct 2016 #6
Auggie Oct 2016 #3
The Green Manalishi Oct 2016 #4
lonestarnot Oct 2016 #5

Response to progree (Original post)

Wed Oct 19, 2016, 10:47 PM

1. Good!

 

Tired of these banksters getting away with this stuff, jail time is the only way you will stop this criminality.

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Response to progree (Original post)

Wed Oct 19, 2016, 10:48 PM

2. Agreed, considering the sheer number of people involved in this upper management had to have been

aware of it.

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Response to cstanleytech (Reply #2)

Thu Oct 20, 2016, 11:02 AM

6. Aware of it?...

from the testimony, it sounds more like they instigated and supported it.

So, the workers got fired for following orders and the bosses thought they could slide.

Go get 'em California.

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Response to progree (Original post)

Thu Oct 20, 2016, 06:48 AM

3. Go get 'em Senator Harris ...

Oops, I mean, soon-to-be Senator Harris

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Response to Auggie (Reply #3)

Thu Oct 20, 2016, 09:31 AM

4. I was about to post the exact same thing.

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Response to progree (Original post)

Thu Oct 20, 2016, 10:49 AM

5. Took long enough.

 

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