Wells Fargo Potential Unauthorized Accounts Grows to 3.5 Million

Wells Fargo Bank sign-159532.jpg94756550

(NBC News) — It turns out the Wells Fargo stage coach was even more off the rails than anyone thought.

The bank announced Thursday that a newly expanded investigative review period flagged a total of 3.5 million potentially unauthorized accounts, up from the 2.1 million previously identified.

Wells Fargo said it was earmarking an additional $2.8 million to pay back customers harmed by the scheme.

Last year the bank paid a $185 million fine for opening up accounts using phony information or without customer approval, and its now former CEO John Stumpf was hauled to testify before Congress. Several other bank executives also resigned in the scandal’s wake.

Read the full story on NBC News’ website here

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