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Wells Fargo 'Reckless' Fund Purge Lost $500M, Investors Say

By Lauren Berg ( February 3, 2023, 9:45 PM EST) -- Wells Fargo cost investors in a hedge fund that lost 80% of its value betting the wrong way on market turmoil in February 2018 at least $500 million when the bank forced the immediate liquidation of their investments, according to a proposed class action filed Friday in Illinois federal court....

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