Wells Fargo Escapes TelexFree Ponzi Scheme MDL

By Reenat Sinay (February 5, 2019, 2:42 PM EST) -- Wells Fargo NA was freed on Tuesday from multidistrict litigation brought by investors to recover losses from the multibillion-dollar TelexFree pyramid scheme that took place between 2012 to 2014, when a Massachusetts federal judge agreed with the bank that the investors failed to state a claim against it....

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