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Wells Fargo's Sordid Fake Accounts Scandal Ends With $3 Billion Fine

2020-02-22 88 Dailymotion

Wells Fargo was hit with a $3 billion fine Friday by federal authorities.<br />CNN reports the fine comes after outrage over the millions of fake accounts created at the troubled bank over many years.<br />Wells Fargo is one of America's largest and most powerful banks.<br />The settlement with the Justice Department and Securities and Exchange Commission was years in the making.<br />It resolves Wells Fargo's criminal and civil liabilities for the fake-accounts scandal that erupted nearly four years ago.

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