Wells Fargo’s Fake Accounts Grow to 3.5 Million in Suit

Wells Fargo & Co. may have opened as many as 3.5 million fraudulent accounts in the last 15 years, according to consumers who are trying to beef up a settlement with the bank over abusive sales practices (Jabbari v. Wells Fargo & Co., N.D. Cal., 15-cv-02159, filing 5/11/17).

The bank reached a $110 million deal in late March to resolve a national class-action lawsuit over claims that employees may have opened more than 2 million deposit and credit-card accounts without customers’ permission since 2011. After the bank In April agreed to expand the accord to include dates as ...