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Fleeced Investors Claim Wells Fargo Facilitated Ponzi Scheme
News December 17, 2025 at 02:48 PM
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What You Need To Know
- Sanjay Singh was sentenced to 23 years in prison in June for scamming investors — most of them working-class Haitian Americans.
- Wells Fargo let the scheme continue for more than four years as millions of dollars flowed through two bank accounts, the plaintiffs allege.
- Under banking secrecy and anti-money laundering laws, the bank was required to review the transactions, the plaintiffs state.
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