SACRAMENTO, Calif.–The California Attorney General's Office said it has launched a criminal investigation into Wells Fargo related to a widespread, years-long scam involving allegations it opened millions of unauthorized customer accounts and credit cards.
Reuters reported that California Attorney General Kamala Harris authorized a seizure warrant against the bank that seeks customer records and other documents, saying there is probable cause to believe the bank committed felonies.
Wells Fargo spokesman Mark Folk did not immediately provide a comment in response to requests from Reuters. But Folk did earlier tell the Los Angeles Times that the bank is "cooperating in providing the requested information."
This is at least the second criminal probe to be opened into Wells Fargo since last month. In September Reuters reported that federal prosecutors are also looking into the matter.
Wells Fargo is headquartered in San Francisco.