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A Ramsey County jury has ruled against Wells Fargo bank in a case involving nonprofits.  The Minneapolis Foundation, the Medical Foundation, and others say Wells Fargo invested their money in securities the bank knew were risky.   Media reports say the nonprofits have been awarded about $30 million in damages, and today, the judge hears arguments over punitive damages.  

MPR's Cathy Wurzer spoke with reporter Jeff Horwich has been covering this story for Marketplace.

Wells Fargo ordered to pay $30 million for fraud

Cathy Wurzer

Author

Jeff Horwich

A Ramsey County jury has ruled against Wells Fargo bank in a case involving nonprofits.  The Minneapolis Foundation, the Medical Foundation, and others say Wells Fargo invested their money in securities the bank knew were risky.   Media reports say the nonprofits have been awarded about $30 million in damages, and today, the judge hears arguments over punitive damages.

Minnesota nonprofits win $30 million case against Wells Fargo

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