We are examining cases of Wells Fargo fraud, which already has resulted in large settlements with investors.
In 2009, Wells Fargo paid $11.2 million to settle fraud allegations involving Wachovia Capital Markets, which Wells Fargo now manages. That settlement was related to the improper sale of collateral debt obligations (CDOs) in 2006-07.
In 2010, Wells Fargo was ordered to pay nearly $30 million, plus other damages, for fraud. Nonprofit organizations lost money in investments that Wells Fargo described as safe.
If you were affected by Wells Fargo fraud, talk to one of our Wells Fargo lawyers to discuss a possible lawsuit or arbitration claim. We can arrange a no-obligation consultation.