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Former Wells Fargo exec Tolstedt avoids prison time in fake-accounts scandal - WSJ

2023-09-16 02:21
A former Wells Fargo executive Carrie Tolstedt would not serve prison time for her role in the bank's
Former Wells Fargo exec Tolstedt avoids prison time in fake-accounts scandal - WSJ

A former Wells Fargo executive Carrie Tolstedt would not serve prison time for her role in the bank's fake-accounts scandal, the Wall Street Journal reported on Friday.

A Los Angeles judge on Friday sentenced Tolstedt to three years' probation and six months of home confinement. She would also pay a $100,000 fine and serve 120 hours of community service, the report added.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)