Wells Fargo raises fake-account estimate to 3.5M

Wells Fargo raises fake-account estimate to 3.5M

Wells Fargo & Co. has found an additional 1.4 million potentially unauthorized accounts opened by employees, bringing the total to 3.5 million. The revised estimate covers January 2009 to September 2016, almost twice as long as the period examined in an initial review that found that workers had opened more than 2 million accounts without customer knowledge. The latest review also uncovered 528,000 potentially unauthorized online bill-pay enrollments.

Click to read...  Lawyers: Wells Fargo bogus accounts balloon to 3.5M
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