Wells Fargo Fake Account Lawsuit

 Wells Fargo Customers and Employee Class Action Investigation

If you were Wells Fargo customer or Wells Fargo employee and were involved in the fake account crisis that was recently reported in the news, please contact us. Fill out the form on this page or call 213-212-2202. We are investigating and want to hear from you as soon as possible.

Employees

Many workers have been fired for doing their job and now Wells Fargo has reportedly turned their back on the employees and blamed them for the wrong doing in opening fake accounts. We are investigating and speaking with former Wells Fargo workers about whether they have a wrongful termination claim.  Fill out the form on this page or call 213-212-2202. We are investigating and want to hear from you as soon as possible.

Customer Account Victims

If you were a victim of a fake account and suffered loss of money or were charged fees for these fake accounts, please Fill out the form on this page or call 213-212-2202. We are investigating and want to hear from you as soon as possible.

Account Customers Class Action

The lawsuit we are investigating is whether the bank knew and should have stopped the fake bank account opening and fees that customers paid. Wells Fargo bankers may have opened over 565,000 credit card accounts using consumer’s information. The bank’s own analysis found customers have lost over $400,000 in fees like annual fees, overdraft protection, or finance and interest charges. These fake accounts allegedly remained open even after customers discovered them and asked Wells Fargo to close them. It’s reported that some customer  accounts were even referred to collections for having a negative balance.

Employees Wrongly Accused?

In the case of the workers fired for opening accounts, recent hearings held by government investigators indicate that United States senators are not agreeing with Wells Fargo executives and instead see that Wells Fargo executives may be responsible for the workers who opened the accounts.

The workers allegedly opened accounts because of pressure to meet sales goals created by management and upper management who were aware of fraud that workers were committing.

Some workers are accused of issuing debit cards to customers who didn’t request them. The workers allegedly assigned PIN numbers to customer ATM card numbers, allowing the workers to enroll the customer in online banking or bill paying without their knowledge or consent.

Another scam involved misinforming customers that certain Wells Fargo products are available only in bundles with other products. So that forced customers to buy products they did not want or need. Wells Fargo fired over 5,300 employees accused of being involved in the sales inflating practices at issue.

The Class Action Allegations

In the current Wells Fargo class action lawsuit investigation, Wells Fargo appears to have made no significant changes that would prevent the alleged fraud. The Class would include all Wells Fargo customers who used any of the bank’s financial services within four years prior to the filing of the Wells Fargo class action lawsuit, as well as customers from any period whose identifying information was stored in Wells Fargo’s database.

Government Penalties

Wells Fargo is also being fined civil penalties totaling $185 million from the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and the City of Los Angeles.

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