Former Belgrade State Bank Branch Manager Sentenced for Purposefully Evading Reporting Requirements

St. Louis, MO – SHEILA AUBUCHON was sentenced today to twelve months and one day in prison on charges relating to her willful failure to file reports of more than $100,000 in cash transactions during her employment with Belgrade State Bank and her theft of funds from that same bank.

Aubuchon, Potosi, Missouri, pled guilty in March to two felony counts of purposefully causing Belgrade Bank to fail to file currency transaction reports, or CTRs, with the Internal Revenue Service, as required by federal law. Aubuchon appeared today in St. Louis for sentencing before United States District Judge Rodney W. Sippel.

The court found that Aubuchon had failed to report, as required by federal law, more than $100,000 in cash transactions between 2009 and 2010, and more than $76,000 of the funds she failed to report were funds she had stolen from Belgrade State Bank. Aubuchon admitted that she failed to report these transactions for the purpose of evading federal laws and regulations. According to court records, Aubuchon’s fraudulent conduct included 67 different transactions at Belgrade State Bank over the course of more than three years and affected more than 20 bank customers. Belgrade State Bank has fully compensated all identified victims for their losses.

The case was investigated by the United States Secret Service and Internal Revenue Service-Criminal Investigation. Assistant United States Attorney Richard E. Finneran and Colleen C. Lang handled the case for the U.S. Attorney’s Office.