Former Wells Fargo Executive Sentenced For Role In Fake Account Scandal

Carrie Tolstedt, former Wells Fargo executive, sentenced to probation and home confinement but avoids jail time for involvement in fraudulent scheme.
Tolstedt was head of Wells Fargo's consumer bank during the time the fake accounts were created.
She was ordered to pay a $100,000 fine, perform community service, and is banned from working in banking again.
Wells Fargo paid $3 billion in 2020 to settle investigations related to the scandal.
Tolstedt is the only Wells Fargo executive criminally charged in relation to the fake accounts.