Wells Fargo accused of scam involving racketeering, synthetic identity fraud

Wells Fargo has been hit with a putative class action alleging that they worked with a credit reporting agency that they co-own to use fake and real personal-identification information to open unauthorized accounts, according to The Mercury News.

The bank is accused of violating United States anti-racketeering laws.

Bernard Patterson, a forensic accountant and certified fraud examiner, filed the lawsuit this month, accusing Wells Fargo of creating thousands of fraudulent accounts after he began receiving a checking account statement …

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