The California Department of Justice is investigating Wells Fargo & Co. on allegations of criminal identity theft over its creation of millions of unauthorized accounts, according to a search warrant sent to the bank’s San Francisco headquarters this month. Her office is also requesting the same information about accounts opened by Wells Fargo workers in California for customers in other states. Kristin Ford, a spokeswoman for Harris’ office, said she could not comment on an ongoing investigation. ), told Wells Fargo Chief Executive John Stumpf that he should be criminally investigated. Stumpf abruptly retired last week and was replaced by longtime Wells Fargo executive Timothy Sloan.

Source: Los Angeles Times October 19, 2016 20:17 UTC