A former Wells Fargo executive Carrie Tolstedt would not serve prison time for her role in the bank's fake-accounts scandal, the Wall Street Journal reported on Friday.

A Los Angeles judge on Friday sentenced Tolstedt to three years' probation and six months of home confinement. She would also pay a $100,000 fine and serve 120 hours of community service, the report added.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)