sec whistleblower attorneys
February 21, 2020
Wells Fargo & Co.
Financial Fraud
SANCTION AMOUNT: $500000000
Defendants: Wells Fargo & Co.
Settlement of SEC findings that Respondent publicly touted to investors the success of its Community Bank’s “cross-sell” strategy – selling additional financial products to its existing customers – the results for which were inflated by millions of accounts opened by Respondent from 2002 to 2016 that were unauthorized or fraudulent.
- Key Docs
- Official SEC press release
