US Can Add Wells Fargo Exec To Insurance Fraud Suit

Law360, Los Angeles (December 12, 2013, 9:34 PM EST) -- A New York federal judge on Thursday allowed the federal government to add a Wells Fargo & Co. executive as a defendant in its lawsuit alleging the bank had defrauded a federal mortgage insurance program out of hundreds of millions of dollars by knowingly submitting mortgages with a high risk of default.

In a one-page order, U.S. District Judge Jesse M. Furman granted the government's motion to amend its complaint and add Wells Fargo Vice President Kurt Lofrano as a defendant, for "substantially for the reasons"...
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Case Information

Case Title

United States of America v. Wells Fargo Bank, N.A.

Case Number



New York Southern

Nature of Suit

Other Fraud


Jesse M. Furman

Date Filed

October 9, 2012

Law Firms


Government Agencies

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