Overview

• 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.