Wells Fargo investigated by California for possible identity theft | Money CNN


Wells Fargo is being investigated for alleged identity theft linked to the bank’s fake account scandal.

The California attorney general served Wells Fargo with a search warrant on October 5 seeking a heap of documents linked to the bank’s creation of as many as 2 million unauthorized accounts, CNNMoney confirmed.

The L.A. Times first reported the existence of the search warrant, the latest in a string of legal challenges facing Wells Fargo (WFC).

The search warrant said there is “probable cause” to believe Wells Fargo employees committed “identity theft” by using unlawfully obtained customer information to open bank accounts, credit cards and other products that customers didn’t request.

The California investigation is being run by Attorney General Kamala Harris, who is running for U.S. Senate.

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