Wells Fargo Fined $185 Million After Employees Opened 2 Million Unauthorized Phony Accounts.

Wells Fargo Bank was fined $185 million after Wells Fargo employees secretly opened TWO MILLION unauthorized Accounts.

Roughly 5,300 Wells Fargo employees were fired for setting up more than 2 million phony accounts.

This is shocking and outrageous conduct.

The Los Angeles Times article about the secretly created phony Wells Fargo accounts can be found here.

The Consumer Financial Protection Bureau consent order against Wells Fargo is available here: 092016_cfpb_wfbconsentorder.

If you are victim of bank fraud or other consumer fraud, give our office a call at 520-955-9038.