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Albuquerque, NM – Today, Attorney General Hector Balderas announced that he has been investigating Wells Fargo for over a year and will be making a demand for damages on behalf of thousands of New Mexicans who were victimized by an illegal scheme creating nearly 19,000 fake and unauthorized bank and credit card accounts. Wells Fargo is the largest, most powerful bank in New Mexico with 93 branches doing approximately $9 billion of business in the state. The Attorney General’s investigation focuses on potential violations of the New Mexico Unfair Practices Act. The focus of the litigation is to strengthen corporate stewardship and increase consumer protection. 

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