The lawsuit, as reported by Reuters<\/a>, was filed in the U.S. District Court in Utah, and seeks class-action status on behalf of hundreds of thousands of customers nationwide.\u00a0 In the complaint, three plaintiffs said customers were hurt by “abusive and fraudulent tactics” used by employees who felt they had to “do whatever it takes,” including selling products they did not need or want, to meet sales quotas.<\/p>\n It was not immediately clear how the three named plaintiffs were specifically harmed by the bank’s alleged wrongdoing.<\/p>\n Last week, the San Francisco-based lender agreed to pay $190 million to settle regulatory charges that employees opened some 2 million accounts without customers’ knowledge, in order to meet sales targets. Adding to the outrage, it was also revealed last week that the person in charge of the consumer products group, Carrie Toldstedt<\/a>, would retire from the bank with a total package of up to $125 million.<\/p>\n John Stumpf has cultivated the image of his San Francisco bank as being apart from the Wall Street, big-bank crowd. And he himself is hardly a household name, even if he was among the country\u2019s top-paid bankers, earning total compensation of $19.3 million in 2015. It remains to be seen if he will be handled with kiddie gloves as was the case with Jamie Dimon’s tesimony in 2012, or if he will actually be brought to task for the biggest consumer fraud perpetrated by a US bank in years.<\/p>\n![](\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2016\/09\/05\/john%20stumpf_0.jpg\")
\nWells Fargo CEO John Stumpf speaks at the Bay Area Council Outlook Conference<\/em><\/p>\n