16 March 2023

Headline of the Day

Ex-Wells Fargo Executive To Serve Several Seconds In Prison For Each Fake Account
—Jon Shazar at Dealbreaker

The subhead, "Carrie Tolstedt is going where no other Wells executive or banker has gone for the scandal," is pretty good too, though there does not appear at this time to be an article beyond this. Perhaps it is a placeholder.

This is true though, Tolstedt is likely to get somewhere between 6 and 16 months in prison.

Given a 16 month prison sentence is 42,000,000 seconds, and that there were 3,500,000 fake accounts created, that's about 12 seconds per account.

Way to hold a white collar criminal accountable, folks.


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