Comprehensive List Of Wells Fargo Banking Scandals….87 And Counting

Wells Fargo

PHOTO CREDIT: MIKE MOZART



Wells Fargo is no stranger to scandal, nor is the industry of banking, which is based on fraud perpetrated by the Federal Reserve that magically creates money out of thin air. So it only makes sense that Wells Fargo is 100% a criminal operation posing as a legitimate business.

Over the last few years, it seems like Wells Fargo has become more brazen than ever, with their retaliation against whistleblowers, charging bogus mortgage late fees, opening millions of fake accounts for unwitting customers, and charging thousands of customers for auto insurance they didn’t need. These scandals are just the ones that we know about, and I guarantee you it’s ONE THOUSAND times worse. Conducting a criminal organization of this nature would get most of us thrown in prison for eternity, but Wells Fargo gets a slap on the wrist by way of fines, zero jail time, and they continue to disgustingly reward their CEO with a multi-million dollar bonuses. Nothing will ever change because this is the Wall Street way.

According to Good Jobs First, a website that tracks corporate crime and misconduct, Wells Fargo and its subsidiaries were involved in 87 different criminal operations that most of the public is oblivious to. Stories like this are just another reason you should move your money out of the big banks and support your local credit union or stop using banks altogether.


Company Primary Offense Type Year Agency Penalty Amountsort icon
Wells Fargo & Company mortgage abuses 2012 DOJ_CIVIL $5,342,200,000
Wells Fargo banking violation 2013 OCC $1,991,141,181
Wells Fargo Bank, National Association False Claims Act 2016 DOJ_CIVIL $1,200,000,000
Wells Fargo Bank, National Association toxic securities abuses 2013 FHFA $869,000,000
Wells Fargo toxic securities abuses 2013 FHFA $591,000,000
Wells Fargo Bank N.A. banking violation 2018 OCC $500,000,000
Wells Fargo Bank N.A. consumer protection violation 2018 CFPB $500,000,000
Wells Fargo Bank mortgage abuses 2012 DOJ_RIGHTS $234,300,000
Wachovia Bank N.A. price-fixing or anti-competitive practices 2011 DOJ_ANTITRUST $148,000,000
Strong Capital Management, Inc. securities issuance or trading violation 2004 SEC $140,000,000
Wachovia Bank anti-money-laundering deficiencies 2010 FINCEN $110,000,000
Wells Fargo Bank banking violation 2016 CFPB $100,000,000
Wells Fargo & Company banking violation 2012 FED $87,000,000
Wells Fargo & Company banking violation 2011 FED $85,000,000
Wells Fargo Bank, N.A. banking violation 2016 OCC $70,000,000
Wachovia toxic securities abuses 2015 NCUA $53,000,000
Wachovia Bank N.A. banking violation 2010 OCC $50,000,000
Wachovia Bank N.A. anti-money-laundering deficiencies 2010 USAO $50,000,000
Wachovia Securities wage and hour violation 2009 private lawsuit-federal $39,000,000
Wachovia Corporation investor protection violation 2004 SEC $37,000,000
Wells Fargo Bank banking violation 2016 OCC $35,000,000
Wells Fargo consumer protection violation 2015 CFPB $34,800,000
Wells Fargo Bank, National Association banking violation 2011 OCC $34,500,000
Wells Fargo wage and hour violation 2018 private lawsuit-state $27,500,000
Wells Fargo Bank, National Association Servicemembers Civil Relief Act 2016 OCC $20,000,000
Wells Fargo wage and hour violation 2010 private lawsuit-federal $20,000,000
A.G. Edwards wage and hour violation 2007 private lawsuit-federal $20,000,000
Wells Fargo & Company Americans with Disabilities Act 2011 DOJ_RIGHTS $16,055,000
Wells Fargo wage and hour violation 2014 private lawsuit-federal $15,000,000
Wells Fargo wage and hour violation 2017 private lawsuit-state $13,000,000
Wells Fargo wage and hour violation 2007 private lawsuit-federal $12,800,000
A.G. Edwards wage and hour violation 2009 private lawsuit-federal $12,000,000
Wells Fargo Securities LLC toxic securities abuses 2011 SEC $11,000,000
Wachovia Bank, National Association banking violation 2008 OCC $10,000,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,900,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,720,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,660,000
Wells Fargo toxic securities abuses 2012 SEC $6,500,000
Prudential Securities Incorporated securities issuance or trading violation 2000 SEC $5,880,000
Wachovia Bank wage and hour violation 2004 WHD $5,798,744
Wells Fargo Bank N.A workplace whistleblower retaliation 2017 OSHA $5,400,000
Wells Fargo Bank N.A., d/b/a Wells Fargo Dealer Services Servicemembers Civil Relief Act 2017 DOJ_RIGHTS $5,400,000
Wells Fargo Advisors LLC securities issuance or trading violation 2014 SEC $5,000,000
Wells Fargo Home Mortgage discriminatory practices 2014 HUD $5,000,000
Wachovia Securities, LLC securities issuance or trading violation 2004 SEC $4,844,465
Wells Fargo Bank N.A. Servicemembers Civil Relief Act 2016 DOJ_RIGHTS $4,100,000
Wells Fargo Bank student loan abuses 2016 CFPB $4,010,000
Wells Fargo Bank, National Association banking violation 2015 OCC $4,000,000
Wells Fargo Advisors wage and hour violation 2013 private lawsuit-federal $4,000,000
Wells Fargo wage and hour violation 2017 private lawsuit-federal $3,900,000
A.G. Edwards & Sons, Inc. financial institution supervision failures 2007 SEC $3,860,000
Wells Fargo Advisors, LLC anti-money-laundering deficiencies 2017 SEC $3,500,000
Wells Fargo Advisors wage and hour violation 2017 private lawsuit-federal $3,500,000
Wells Fargo wage and hour violation 2014 private lawsuit-state $3,000,000
Wells Fargo Insurance Services wage and hour violation 2015 private lawsuit-federal $2,000,000
Wells Fargo Bank wage and hour violation 2015 private lawsuit-federal $1,850,000
Wells Fargo wage and hour violation 2017 private lawsuit-federal $685,000
Wells Fargo workplace whistleblower retaliation 2017 OSHA $577,500
Wachovia Financial Services wage and hour violation 2010 private lawsuit-federal $450,000
Wells Fargo Bank N.A. Municipal Products Group investor protection violation 2016 SEC $440,000
Wells Fargo Bank, N.A. data submission deficiencies 2016 CFTC $400,000
Prudential Securities, Inc. investor protection violation 2003 SEC $382,000
Wells Fargo & Company employment discrimination 2014 EEOC $295,000
Wells Fargo Bank, N.A. employment discrimination 2014 EEOC $290,000
Wells Fargo Bank wage and hour violation 2012 private lawsuit-federal $280,000
Wells Fargo Bank, National Association wage and hour violation 2004 WHD $228,209
WELLS FARGO FINANCIAL BANK banking violation 2009 FDIC $125,000
A.G. Edwards & Sons, Inc. investor protection violation 2006 SEC $125,000
Wachovia Capital Markets, LLC investor protection violation 2006 SEC $125,000
A.G. Edwards and Sons Inc. economic sanction violation 2008 OFAC $122,358
Wells Fargo Bank, National Association banking violation 2005 OCC $115,000
Wells Fargo Bank wage and hour violation 2011 private lawsuit-federal $100,000
Prudential Securities, Inc. data submission deficiencies 2002 CFTC $65,000
Wells Fargo Bank, National Association banking violation 2009 OCC $51,205
A.G. Edwards & Sons, Inc. data submission deficiencies 2003 CFTC $45,000
Wells Fargo Bank economic sanction violation 2005 OFAC $42,833
Wells Fargo Bank NA wage and hour violation 2011 WHD $31,770
First Union Bank economic sanction violation 2004 OFAC $18,740
Wells Fargo employment discrimination 2015 OFCCP $14,000
WELLS FARGO BANK #1692 workplace safety or health violation 2013 OSHA $12,000
Wells Fargo Bank, N. A. Family and Medical Leave Act 2016 WHD $11,874
Wachovia Bank economic sanction violation 2007 OFAC $11,000
Wachovia Bank economic sanction violation 2004 OFAC $11,000
First Union Bank labor relations violation 2000 NLRB $9,116
Wachovia Bank economic sanction violation 2005 OFAC $5,500
Wells Fargo Bank economic sanction violation 2003 OFAC $5,500
Wells Fargo Bank Family and Medical Leave Act 2006 WHD $5,152

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Thomas Dishaw is an activist and the editor of govtslaves.info. He has written for naturalnews.com and has been the subject of numerous hit pieces published by The Daily Mail, New York Daily News, Forbes and Gawker. Thomas currently resides outside of Philadelphia, PA with his wife and dog. You can support Thomas' work by making a donation below or purchasing some gear from the Gov't Slaves Store. You can reach Thomas via email at thomasdishaw@protonmail.com or follow him on Instagram.

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