[1] Under Tolstedt's supervision, her unit's employees opened over 2 million mostly unauthorized accounts for their customers.
[6] Tolstedt's law firm, Williams & Connolly, responded to the report by saying that they "strongly disagree" with its findings.
[2] In response to the report, Wells Fargo retroactively fired Tolstedt for cause and revoked $47.3 million that they had previously paid her.
[7] On January 23, 2020, OCC regulators announced an additional $25-million fine against Tolstedt for her role during the fraud, an amount they state could rise higher.
[11] On March 15, 2023, Tolstedt pled guilty to obstructing a bank examination, and faces up to 16 months in prison.