Charlotte Observer-
Federal prosecutors continue to investigate sales practices at Wells Fargo, the U.S. Attorney in Charlotte told the Observer on Wednesday, but she offered no further update on where the probe stands.
A year ago next week, Wells Fargo agreed to pay $185 million in penalties to settle allegations that its employees created more than 2 million unauthorized customer accounts to meet aggressive sales goals. Soon after, the Observer and other media outlets reported that the U.S. Attorney’s offices in Charlotte and San Francisco, where the bank has major employment hubs, were also probing the practices.
“There is a tremendous amount of material to sift through,” Jill Westmoreland Rose, the U.S. Attorney for the Western District of North Carolina, said in an interview. “With our partners in the Northern District of California, we continue to do that.”
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