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New York Post
15 Sep 2023

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.
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.