Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A., entered into a deferred prosecution agreement and agreed to pay $3 billion to resolve their potential criminal and civil liability stemming from a practice between 2002 and 2016 of pressuring employees to meet unrealistic sales goals that led thousands of employees to provide millions of accounts or products to customers under false pretenses or without consent, often by creating false records or misusing customers' identities. The settlement also resolved an investigation being conducted by the SEC, which was to receive $500 million of the total to distribute to investors. For more info visit https://www.justice.gov/opa/pr/wells-fargo-agrees-pay-3-billion-resolve-criminal-and-civil-investigations-sales-practices