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Wells Fargo to Pay $3B Settlement for Violating Antifraud Rules, Resolving Fake Account Probes

February 23, 2020

USA Today, Feb. 21, 2020–Paul Davidson, Jessica Menton
Wells Fargo has agreed to pay $3 billion to settle claims related to its creation of millions of fake accounts to meet sales goals, including $500 million that will be returned to investors, the Securities and Exchange Commission said Friday.
https://www.usatoday.com/story/money/2020/02/21/wells-fargo-settlement-bank-reaches-3-billion-settlement-feds/4835436002/

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