Violation Tracker Individual Record
Company:
Wells Fargo
Current Parent Company:
Wells Fargo
Penalty:
$2,900,000
Year:
2004
Date:
December 23, 2004
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Violation Description:
The New York Attorney General announced settlements with five financial institutions in connection with a widespread telecommunications fraud involving NorVergence, Inc., a bankrupt New Jersey-based telephone equipment and service company.
Level of Government:
state
Action Type:
agency action
Agency:
New York Attorney General
Civil or Criminal Case:
civil
Facility State:
New York
HQ Country of Parent:
USA
HQ State of Parent:
California
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
