U.S. Justice Department targets executives in Wells Fargo CRIMINAL probe -sources
A U.S. Justice Department probe into a phony accounts scandal at Wells Fargo & Co is asking whether executives hid details from the company board and regulators as the problem grew over years, sources familiar with the review said.
The move carries into the Trump era an investigation started under the Obama administration, and could result in criminal charges against bank employees involved.
The Justice Department this week was due to interview federal bank examiners in Charlotte, North Carolina, and ask whether low-level employees broke the law by opening accounts without customer knowledge and if company executives took part in a conspiracy. A grand jury convened in the Northern District of California has also sent subpoenas to witnesses, including former Wells Fargo employees, the sources said.
[REUTERS]