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TWO MASSACHUSETTS MEN SENTENCED ON CHARGES OF STRUCTURING TRANSACTIONS

November 22, 2010

Boston, Mass. - Two men pleaded guilty and were sentenced today to charges of structuring transactions to evade reporting requirements.

SALVATORE DEROSE, 76, of Walpole and JOSEPH P. DEROSE, 52, of North Attleboro pleaded guilty to charges of structuring transactions to evade reporting requirements and were sentenced to two years of probation, six months of home confinement and a $4,000 fine.

DEROSE, who owns and operates RBI Norwest Services, a Norwood money services business, and DEROSE were sentenced each by U.S. District Court Judge Nathaniel M. Gorton. Both defendants agreed to forfeit $261,913, which were seized from the RBI corporation bank account.

United States Attorney Carmen M. Ortiz, William Offord, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation - Boston Field Office and Richard DesLauriers, Special Agent in Charge of the Federal Bureau of Investigation - Boston Field Office made the announcement. The case was prosecuted by Assistant U.S. Attorney Peter K. Levitt in Ortiz’s Strike Force Unit.

 

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