Former Wells Fargo executive avoids prison in fake-accounts scandal

Carrie Tolstedt was sentenced to three years of probation including six months of home confinement.

She will also pay a $ 100,000 fine and serve 120 hours of community service.

Prosecutors had sought a one-year prison term.

Wells Fargo paid $3 billion in 2020 to settle federal criminal and civil probes into sales practices.