Just when I thought it was over...California Investigates Whether Wells Fargo Committed Criminal Identity Theft
California Attorney General Kamala Harris has launched an investigation into allegations that Wells Fargo & Co. engaged in criminal identity theft when the bank created millions of accounts without customer consent, according to the Los Angeles Times.
The report is based on a search warrant, served on Oct. 5 and first obtained by the Times, in which Harris' office demands the identities and account information of California customers who had "any accounts, credit cards, life insurance, or other product or service" created without the customer's authorization.
The warrant also demands the names of bank employees who opened the unauthorized accounts and the identities of the employees' managers, including "any and all communications, including email referencing" the bogus accounts.
Harris' office is seeking the same information for Wells Fargo customers who do not live in California.
A spokeswoman for the attorney general, Kristen Ford, said her office had no comment on an ongoing investigation. A spokesperson for Wells Fargo said the bank is "cooperating in providing the requested information."
The Wells Fargo account scandal resulted in a $185 million settlement with the Los Angeles city attorney's office and federal bank regulators in early September.
Last week, Wells Fargo CEO John Stumpf resigned a few weeks after the bank board required him to forfeit $41 million in unvested equity.
In a 14-page affidavit filed with the search warrant, California investigators indicate that they are looking into potential violations of state law banning the impersonation of another and the unauthorized use of personal information, the Times reports. Both offenses are considered felonies.
Hrm... maybe "flipping of the the underlings" will eventually put a Banksta' in the dock, eventually...
California Attorney General Kamala Harris, a Democrat, is running for the U.S. Senate.
Oh I'm sure
this is not politically motivated...
Many of the poor schleps who did this have been fired, now they may face prosecution.
Meanwhile (so far) the CEO gets a $41 million wrist-slap,
The lady who was in charge gets a wrist slap (or nothing - have to check),
and the new CEO most likely knew about it and did nothing gets promoted.
I hope there is something more to this than political ambition... I guess we'll see.
Then Skank Of America could start in...