---
title: Wells Fargo Boosts Fake-Account Estimate 67% to 3.5 Million
description: Wells Fargo Boosts Fake-Account Estimate 67% to 3.5 Million
---

[Global View Investment Blog](https://blog.globalviewinv.com)

# [Wells Fargo Boosts Fake-Account Estimate 67% to 3.5 Million](https://blog.globalviewinv.com/2017/08/wells-fargo-boosts-fake-account-estimate-67-3-5-million)

 Written by [Adam Wiles](https://blog.globalviewinv.com/author/adam-wiles) | 8/31/17, 5:05 PM

Wells Fargo & Co. raised its estimate for how many bogus accounts employees may have created, a sign the bank is still struggling to move past a scandal that sparked record fines and congressional investigations.

An outside review into more than 165 million deposit and credit-card accounts found an additional 1.4 million that were potentially unauthorized, bringing the total to about 3.5 million, according to a [statement](https://www.bloomberg.com/news/terminal/OVJW53AIBMDE) Thursday from the San Francisco-based firm. The revised estimate covers January 2009 to September 2016, almost twice as long as the period examined in the initial review.

[https://www.bloomberg.com/news/articles/2017-08-31/wells-fargo-increases-fake-account-estimate-67-to-3-5-million](https://www.bloomberg.com/news/articles/2017-08-31/wells-fargo-increases-fake-account-estimate-67-to-3-5-million)

[View full post](https://blog.globalviewinv.com/2017/08/wells-fargo-boosts-fake-account-estimate-67-3-5-million)

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