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Letter to William Barr, Attorney General - Waters Alerts DOJ to Inaccurate and Misleading Testimony by Tim Sloan

Letter

Date: March 10, 2020
Location: Washington, DC
Issues: Finance and Banking Criminal Justice

Dear Attorney General Barr:

I write to alert the Department of Justice ("DOJ") to a matter involving a potential violation of Title 18, United States Code, Section 1001, which prohibits knowingly and willfully making a false statement to Congress.

On March 4, 2020, the majority staff of the U.S. House Committee on Financial Services ("Committee") released a staff report presenting the results of a year-long investigation into Wells Fargo's compliance with five regulatory consent orders. My staff's investigation found that former Wells Fargo Chief Executive Officer Tim Sloan gave inaccurate and misleading testimony during a Committee hearing on March 12, 2019.[1]

Because this matter involves a potential violation of a federal criminal statute, I am requesting that the DOJ review Mr. Sloan's testimony along with the evidence presented in the enclosed copy of my staff's report and take such action as the DOJ deems appropriate.

I appreciate your consideration of this issue. Please do not hesitate to reach out to me or Bruce Johnson, II of my staff at (202) 225-4247 with any questions about this letter.

Sincerely,

Maxine Waters


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