Wells Fargo Assessment Reveals 1.4 Million Greater Suspect Accounts

PhotoWells Fargo said on Thursday that an internal review of its potentially fraudulent bank accounts had uncovered a total of 3.5 million such accounts, some 1.4 million more than it had previously estimated.
Wells Fargo acknowledged that thousands of employees, trying to meet aggressive sales goals, created accounts in customers’ names without their knowledge.
Wells Fargo has said previously that it will refund customers who were affected by those actions.
Wells Fargo touched off a scandal last September when it agreed to pay $185 million to settle three government lawsuits over the bank’s creation of potentially millions of unauthorized customer accounts.
Wells Fargo said that it had found 528,000 cases in which customers may have been signed up without their knowledge or consent, and will refund $910,000 to customers who incurred fees or charges.

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