Transcript for California Launching a Criminal Investigation Against Wells Fargo
Into your money and new accusations tonight about customers' everyday Americans and authorities say a major bank was targeting down. Reportedly minorities who speak little English college students and seniors. What is the bank accused of doing behind your back. Here's ABC's Lindsay Davis tonight tracking your money. The criminal investigation against Wells Fargo filed in California. Comes in the wake of accusations that employees were pressured to sign up roughly two million customers for programs without their knowledge. Former employees are now speaking out telling the New York Times they were encouraged to prey on people who spoke little English college students and the elderly. Kevin fun left the company in 2010. Saying it was like lions hunting the zebras you had to open ten accounts. Every team every single day. Last month former CEO John Stumpf was chastised on Capitol Hill. Senator Elizabeth warrant accused him of gutless leadership you should Reeves on this just isn't right. Since then the bank has hired a new CEO paid customers back two point six million dollars. Was ordered to pay a 190 million dollars in fines and says it has ended all products sales goals. As of today the bank is now rated a C minus and is lost it's accreditation with the Better Business Bureau. In a statement tonight ABC news Wells Fargo said the bank's number one priority is to make things right with its customers. And restore public trust David Lindsey Davis would us again tonight Lindsay thanks to you.
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