FYI. Good info for training material where you want to emphasize the penalty for aiding and abetting in structuring.

http://www.thenewsstar.com/article/20090129/UPDATES01/90129050

Thanks . . . Just emailed the article to all officers and employees.

Thanks for sharing. Great topic to start a conversation about BSA.

I'm "bumping" this solely for the benefit of those who did not see it before or who did not think about how valuable it might be to 1) forward a link to your bank's employees or 2) include it in the training materials for your next in-house session.

There's a backstory here and I wish I knew what it was...

I am training our board of directors and executive officers next week. I am going to include it in my training. I have already forwarded it to all of the employees. This was close to us. Great training material!

I just came across this post, but missed it when it first came out. The link is now gone, does anyone have a copy of the article they would be willing to share?

bump

anyone have a copy

I have it. If you pm your e-mail address, I'll send it to you.

will someone please share a copy with me.

January 29, 2009
Farmerville bank leaders indicted

By Johnny Gunter
jgunter@thenewsstar.com
A federal grand jury in Shreveport on Thursday indicted the former president and vice president of First United Bank of Farmerville and one its customers on two counts involving deposits of $10,000 or more in which proper reports were not filed with the Internal Revenue Service.

Indicted were retired bank president Zeke Eldo Tettleton, retired vice president William H. Maxwell and customer Franklin E. Hutson.

According to the indictment, count one involved the trio conspiring between April 2004 and May 21, 2004 to evade the reporting requirements referred to as a Currency Transaction Report.

The indictment states that Hutson brought $120,000 in cash to First United, and Maxwell instructed a bank employee to place Hutson’s cash in the vault and to make daily deposits of $10,000 into Hutson’s account and file no reports. After being advised by the bank employee of Maxwell’s instructions, Tettleton told the employee to do what she was told by Maxwell.

From about April 30 to May 21, 2004, the deposits were made and no CTRs filed, the indictment states.

Count two of the indictment states the trio intentionally structured the deposits.
Each count carries a maximum five-year sentence and up to a $250,000 fine.

The indictment was signed by Assistant U.S. Attorney Mignonne Griffing on behalf of Donald W. Washington, United States Attorney for the Western District of Louisiana.

^^^^Thank you for posting this.

Thanks for posting this, Retread. I've e-mailed the article to several people and this will save a few extra steps for others that want it.

Some additional information on the bank officers.

Tettleton
http://www.fdic.gov/bank/individual/enforcement/2009-04-39.pdf

Maxwell
http://www.fdic.gov/bank/individual/enforcement/2009-04-40.pdf