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Guilty Pleas and Prison Time for Wells Fargo Execs and Tax Preparers

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Source: The New York Times
Guilty Pleas and Prison Time for Wells Fargo Execs and Tax Preparers
Photo: The New York Times
TL;DR

Carrie L. Tolstedt, former head of retail banking at Wells Fargo, has agreed to plead guilty to obstructing a bank examination, becoming the first high-ranking executive to be criminally charged for the bank's actions in the sham accounts scandal that erupted in 2016. Tolstedt faces up to 16 months in prison, and her plea agreement calls for a sentence of up to 16 months. Prosecutors allege that Tolstedt knowingly turned a blind eye to signs that bank employees were using illegal tactics to meet the bank's aggressive sales targets.

Topics:business#business#carrie-tolstedt#criminal-charges#obstructing-bank-examination#sham-accounts-scandal#wells-fargo
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  1. Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison  The New York Times
  2. Former Wells Fargo exec faces prison, will pay $17 million fine over fake accounts scandal  Reuters
  3. Former Wells Fargo exec faces prison after admitting she tried to hide sales scandal  Charlotte Observer
  4. Fargo tax preparer pleads guilty in fraud case  INFORUM
  5. Man pleads guilty to filing several false tax returns  KVLY

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