Lawsuit Claims Wells Fargo Targeted Undocumented Immigrants for False Accounts

Last year, San-Francisco based Wells Fargo admitted to creating up to 2 million fraudulent accounts to meet aggressive sales goals. As investigations into the company’s wrongdoing continue, a lawsuit filed in San Francisco against the company’s top executives on Wednesday alleges that the bank’s wrongdoing may have run deeper. According to the lawsuit, Wells Fargo specifically targeted undocumented day laborers and factory workers for the false accounts, in possible violation of identity-verification requirements. We’ll discuss the latest accusations against Wells Fargo.