Wells Fargo scandal grows to include Prudential insurance polices, suit alleges

FILE - In this July 14, 2014, file photo, a man passes by a Wells Fargo bank office in Oakland, Calif. Regulators announced Thursday, Sept. 8, 2016, that Wells Fargo is being fined $185 million for illegally opening millions of unauthorized accounts for their customers in order to meet aggressive sales goals. (AP Photo/Ben Margot, File)

NEWARK, NJ (WCMH) — The scandal surrounding Wells Fargo have grown from fake bank accounts and credit card accounts to include Prudential insurance products.

According to CNN, three former Prudential employees filed a lawsuit against the insurance company alleging that Wells Fargo employees signed up customers for Prudential policies without their knowledge or permission.

The lawsuit says that some of the Prudential policies purchased by Wells Fargo customers had fake home and email addresses. The suit also says that the premium payments appear to have originated from dormant Wells Fargo accounts.

The employees that came forward were part of the Prudential investigations team. They were looking into Prudential’s relationship with Wells Fargo after it came to light that Wells Fargo had created thousands of phony accounts. The employees were placed on administrative leave without pay in mid-November after the investigation turned up a number of red flags.

The employees maintain that they were punished for refusing to help “cover up” the practices of Prudential and Wells Fargo. Prudential says that the employees were placed on leave because of an ethics complaint filed against them.

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