It just keeps looking worse and worse for the feckless rats who run Wells Fargo.
New data suggests that the corrupt bank may have opened as many as 3.5 million bogus bank accounts without its customers’ permission.
The new estimate of bogus bank accounts is about 1.4 million, or 67 percent, higher than the original estimate — disclosed last year as part of a settlement with regulators — that up to 2.1 million accounts were opened without customers’ permission.In estimating the higher number of fake accounts, the plaintiffs’ attorneys examined a much longer time period than regulators and the bank had previously addressed, they said in court documents.
Read the whole story in the Mercury News
Categories: Sacramento Update