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(Reuters) -The former head of Wells Fargo's retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the bank's sweeping fake-accounts scandal. Carrie ...
Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal.
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
Over the next six years, JPMorgan Chase would admit to three more criminal felony counts while keeping the same Chairman and CEO, Jamie Dimon, in place. (ref 1.1) Louisiana Pacific; Pfizer, pleaded guilty to a felony violation of the Food, Drug and Cosmetic Act for misbranding Bextra with the intent to defraud or mislead. [5] PG&E [6]
As of 2008, 6.6 to 7.4 percent, or about one in 15 working-age adults were ex-felons. [4] According to an estimate from 2000, there were over 12 million felons in the United States, representing roughly 8% of the working-age population. [5].In 2016, 6.1 million people were disenfranchised due to convictions, representing 2.47% of voting-age ...
These 13 biggest companies that hire felons give us a whole new perspective about life after being behind bars. With a complex society, the convicted will tend to detach themselves. How much worse ...
A fair-chance employer or second-chance employer is an employer that does not automatically disqualify all prospective job applicants who have prior involvement in the criminal justice system. [1] Instead, the hiring process includes an evaluation of the individual. [ 2 ]
Wells Fargo's share price fell 10.2% over two days in June 2022, wiping out more than $17 billion of market value, after the New York Times reported the Justice Department probe.