California releases search warrant for Wells Fargo bank on identity theft

October 22, 2016

The Department of Justice on Wednesday released the warrant and affidavit of a criminal investigation of the  bank. The State of California served the warrant on October 5 to search the San Francisco headquarters of Wells Fargo for felonious activities related to.



The warrant said property to be seized at the bank's San Francisco headquarters was related to the unauthorized creation of accounts by Wells Fargo employees including the names of individuals for the accounts; account information and fees; the names of employees and their managers who created accounts without the consent of the Wells Fargo customers in question; and all communications including emails referencing the unauthorised accounts.

California Attorney General 's criminal probe is part of an increasing list of officials nationwide questioning the business practices of Wells Fargo such as California State Treasurer who announced a one-year suspension of State investment with the bank on September 28;  State Treasurer  followed suit with a year-long ban on October 3; and  United States   of,  of , and  of , who wrote to the U.S. Security Exchanges Commission (SEC) suggesting investigation on September 29.