Wells Fargo & Co.’s former head of retail banking avoided prison for misleading regulators investigating one of the biggest banking scandals in modern US history, as a judge imposed a sentence of three years of probation.
Carrie L. Tolstedt, 63, the only Wells Fargo executive to be charged in the fake-accounts scandal of 2016, had pleaded guilty to obstruction of a bank examination by the Office of the Comptroller of the Currency.
US District Judge Josephine Statonon Friday agreed with the US Probation Office and Tolstedt’s lawyers on sentencing the former executive to probation because she doesn’t ...
