Wells Fargo & Company (WFC) has been facing a proposed class action lawsuit alleging the bank for taking part in a $300 million Ponzi scheme. This scheme affected more than 1,000 investors, mainly senior citizens, and left them without substantial life savings.The lawsuit filed stated that WFC had knowledge about the fraudulent activities from 2011 to 2021. The company provided substantial assistance to the perpetrators while reaping the benefits from the scam.The current lawsuit seeks monetary remedies tha ...