The Office of the Comptroller of the Currency has slapped former Wells Fargo & Co. general counsel James Strother with a $3.5 million penalty for his alleged role in the bank’s phony checking and savings account scandal. 

Strother agreed to pay the civil money penalty to the U.S. Treasury as part of a settlement that also includes a personal cease-and-desist order. The order requires Strother to cooperate with the OCC in any investigation, litigation or administrative proceeding related to Wells Fargo’s alleged sales practices misconduct. 

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