Sioux Falls Man Sentenced for Structuring Deposits and Making a False Claim on a Tax Return

US Attorney Brendan V. Johnson announced that a Sioux Falls man was sentenced on May 2, 2011, by Chief US District Judge Karen E. Schreier. Wayne Wassink, age 63, was sentenced to three months of imprisonment, three years of supervised release, and a $2,500 fine.

Wassink was indicted by a federal grand jury for conspiracy to commit bank fraud on July 7, 2010. On February 10, 2011, he pled guilty to a superseding information that charged him with structuring deposits and making a false claim on a tax return. He admitted structuring a customer's deposits to avoid a statutory reporting requirement while employed as a Senior Vice President at First Dakota National Bank. He also admitted that he filed a U.S. Income Tax Return on which he knowingly and falsely stated charitable contributions that he did not make, thereby resulting in a false claim for a refund.

This case was investigated by the Federal Bureau of Investigation. Assistant US Attorney Kevin Koliner prosecuted the case.