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Inside October 2012, Wells Fargo try prosecuted by United states Attorneys Preet Bharara more dubious mortgage sales. Inside 2016, Wells Fargo agreed to spend $step one.2 billion to repay accusations the company violated the fresh Not true Claims Work because of the underwriting over 100,000 Government Housing Management (FHA) recognized financing when more than 1 / 2 of the brand new individuals did not qualify to the system.