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An SIV is not a vehicle for transportation; it’s a risky investment tool that Wells Fargo shouldn’t have used. So says a federal lawsuit alleging that Wells Fargo grossly mismanaged investment dollars. The case, Blue Cross and Blue Shield of Minnesota, et al. v. Wells Fargo Bank N.A., recently survived a defense motion for dismissal.

Federal fraud case against Wells Fargo proceeds

An SIV is not a vehicle for transportation; it’s a risky investment tool that Wells Fargo shouldn’t have used. So says a federal lawsuit alleging that Wells Fargo grossly mismanaged investment dollars. The case, Blue Cross and Blue Shield of Minnesota, et al. v. Wells Fargo Bank N.A., recently survived a defense motion for dismissal.

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