Carrie L. Tolstedt, Wells Fargo's former Head of Retail Banking, has agreed to plead guilty to a criminal charge of obstructing a bank examination in connection with her role in the bank's fake accounts scandal.
Prosecutors accused Tolstedt of knowingly turning a blind eye to signs that bank employees were using illegal tactics to meet aggressive sales targets. She also allegedly helped prepare a memo in which she concealed details about the scope and scale of the bank's internal problems.
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