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Treasurer John Chiang Sanctions Wells Fargo Bank for Defrauding California Customers

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    Calls for Overhaul of Banking Industry Wells Fargo’s admission that thousands of its bank employees opened over 2 million fraudulent consumer accounts is a legal and ethical outrage that cannot go unpunished, said State Treasurer John Chiang in a statement made Wednesday. “Wells Fargo’s fleecing of its customers by opening fraudulent accounts for […]

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