April 05, 2023
Attorneys representing a proposed class against Wells Fargo on Tuesday asked a California federal judge to award them more than $937,000 in the case that resulted in a $3.75 million settlement with the financial institution over its alleged involvement in a real estate Ponzi scheme.
June 20, 2022
Wells Fargo has agreed to pay $3.75 million to put away claims from a proposed class of investors who say the bank facilitated a yearslong, $135 million Ponzi scheme through the real estate investment firm EquityBuild Inc.
April 08, 2020
Wells Fargo must face the bulk of a proposed investor class action accusing it of facilitating a yearslong, $135 million Ponzi scheme carried out by real estate investment firm Equitybuild Inc. and its father-son owners, a California federal judge has ruled.