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NY Post
New York Post
15 Sep 2023


NextImg:Ex-Wells Fargo exec Carrie Tolstedt avoids prison time in fake-accounts scandal: report

Former Wells Fargo executive Carrie Tolstedt will not serve prison time for her role in the bank’s fake-accounts scandal, the Wall Street Journal reported Friday.

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

Carrie Tolstedt was sentence to three years’ probation and six months of home confinement.
Bloomberg via Getty Images

 Wells Fargo Bank

The scandal roiled Wells Fargo in 2016.
Getty Images

Wells Fargo declined to comment.

Tolstedt earlier this year agreed to plead guilty to obstructing a bank examination in relation to the sweeping phony accounts scandal that roiled Wells Fargo in 2016.