Comment on Wells Fargo settles bid-rigging case with federal agencies, states for $148.2 million

Wells Fargo settles bid-rigging case with federal agencies, states for $148.2 million

Wells Fargo will pay $148.2 million to settle federal and state charges that it rigged dozens of bidding competitions to win business from cities and counties. The U.S. Department of Justice, along with the federal and state regulators, had been investigating the actions of employees at Charlotte, N.C.-based Wachovia Bank, which Wells Fargo & Co.

 

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