However, when the lawsuit first came out last month, Satter said to Financial Advisor of the allegations: "They're false. I can't say too much because I'm a lawyer, a litigation lawyer, and this is a lawsuit." But he added that it was not true he had done "all the preparation work ahead of time to set the company up," a central claim of Wells Fargo. FA wrote in the story that Satter "said he joined the firm on June 6, almost two months after he left his Wells Fargo employment."