A federal judge sentenced Tolstedt to three years probation rather than the 12-month prison term advocated by prosecutors.
Tolstedt had pleaded guilty to one criminal charge of obstructing a bank examination.
Read the full article from CNN.
Estimated reading time: 0 minutes, 20 seconds
Wells Fargo’s Former Retail Banking Boss Avoids Prison Time
Carrie Tolstedt, who was formerly head of retail banking at Wells Fargo, has avoided prison time for her role in the bank’s sham accounts scandal. So reports CNN.
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