A civil jury found that the bank mismanaged a trust fund for Seminole children and charged millions of dollars in hidden fees ...
The Seminole Tribe trusted Wachovia Bank, and later Wells Fargo, to manage a trust fund for its children with their best interests in mind, maximizing the returns on what has grown into more than ...
Wells Fargo Bank will appeal Tuesday’s landmark verdict awarding more than $800 million to a trust fund benefiting the children of the Seminole Tribe of Florida, a decision that came after a six ...
Wells Fargo was removed from the trust in 2016 after Tribe officials reviewed the rate of return and questioned the charging of $7.6 million in illegal fees. Those fees were part of the jury’s ...
A Broward jury on Tuesday ordered one of the biggest banks in America to pay $826 million to the children of the Seminole Tribe of Florida, the beneficiaries of a trust they say was mismanaged to ...