There Had Been Almost Twice As Many Probably Faux Debts Opened Than At First Thought

That is up from the 2.1 million accounts originally identified in a narrower review that only covered 93.5 million accounts opened from May 2011 to mid-2015.
On Thursday, the bank said the review of 165 million retail accounts opened from January 2009 to September 2016 identified 3.5 million as potentially unauthorized.
Wells Fargo & Co. said it uncovered nearly 70 percent more potentially unauthorized consumer and small-business accounts than originally thought after an independent investigation into a sales scandal that erupted last year.
Wells said the investigation was covered by a third-party firm, which identified 2.55 million potentially unauthorized accounts from the original 4½-year time frame plus another 981,000 accounts in the expanded, eight-year period.
On Wednesday, billionaire investor Warren Buffett told CNBC that when one puts a spotlight on a large financial institution like Wells Fargo, they’re likely to find something.

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