New Mexico Attorney General Announces Details of Wells Fargo Investigation

WE’RE LEARNING MORE ABOUT AN INVESTIGATION BY THE NEW MEXICO ATTORNEY GENERAL’S OFFICE INTO UNETHICAL PRACTICES BY BANKERS AT WELLS FARGO. DARRELL MOODY HAS THE DETAILS…

ATTORNEY GENERAL HECTOR BALDERAS PLANS TO DEMAND DEMAGES ON BEHALF OF THOUSANDS OF NEW MEXICANS VICTIMIZED BY WELLS FARGO EMPLOYEES WHO CREATED NEARLY 19-THOUSAND FAKE OR UNAUTHORIZIED BANK AND CREDIT CARD ACCOUNTS. BALDERAS ALLEGES WELLS FARGO’S CORPORATE MANAGEMENT USED A TACTIC KNOWN AS “CROSS-SELLING”TO PRESSURE EMPLOYEES TO MEET DEMANDING QUOTAS ENROLLING CUSTOMERS IN DIFFERENT BANK PRODUCTS…WHETHER THEY NEEDED THEM OR NOT. NO WORD YET ON EXACTLY WHAT THAT DOLLAR AMOUNT WILL BE OR HOW THE AG PLANS TO GET IT BACK IN THE HANDS OF WELLS FARGO CUSTOMERS.