Fraudulent bank accounts resurface at Wells Fargo

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Fraudulent bank accounts resurface at Wells Fargo
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U.S. banking giant Wells Fargo confessed to creating millions of fake accounts from 2002 to 2016. Now, new troubles have come to light

Wells Fargo, already tarnished by one scandal, is now grappling with yet another: the revelation of millions of unauthorized bank accounts associated with individuals who are neither clients nor responsible for opening them.

"So, everyone needs to pay attention to their accounts and at least get their credit score once a year to see what accounts may or may not have been opened," said Jenkin. "But, you know, across America, what it tells you is that our risk and compliance departments in our banking and financial institutions are highly being challenged by the cyber thieves out there who look like that. They're smarter right now than the banking system itself," said Jenkin.

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