Financial crimes

Mary Mack is expected to say that other employees were scared of Carrie Tolstedt, according to the bank’s regulators. Tolstedt, one of five former Wells executives facing civil charges in connection with the bank’s phony-accounts scandal, could be fined as much as $25 million.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

The firm will also pay a penalty and offer to buy back variable annuities the former broker sold to 21 other investors.

During rapid growth, the firm allegedly failed to detect a cascade of red flags.

To thwart a multifactor verification system, he once used a victim’s home phone to authorize transactions.

Newly released documents highlight the challenges that Carrie Tolstedt and four co-defendants are likely to confront as they face civil charges involving sales misconduct at the bank.

After the client died at age 98, the advisor allegedly moved on to bilk another elderly investor, authorities say.

The onetime CFP pleaded guilty to violating his parole after previously avoiding prison time through a plea deal in 2018.

The advisor had been previously arrested at the airport prior to boarding a flight.

After serving 18 months in jail, Craig Rothfeld knew “other people would need help too.”