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Justice News

Department of Justice
U.S. Attorney’s Office
Eastern District of Texas

Tuesday, June 14, 2016

Former Bank Vice President Sentenced for Structuring Transactions in East Texas

TYLER, Texas – A 53-year-old former bank vice president and trust officer has been sentenced for federal violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.

Carol D. Rushton, of Tyler, Texas, pleaded guilty on Dec. 17, 2015, to unlawfully structuring transactions and was sentenced to 36 months of federal probation today by U.S. District Judge Michael H. Schneider.  Rushton was also ordered to pay a $30,000 fine and must perform 108 hours of community service as well as notify all of her current and future clients of her conviction.

 According to information presented in court, from Nov. 3, 2010 to Aug. 15, 2012, Rushton, while employed at Regions Bank in Tyler, Texas, caused nine separate transactions of $10,000 or less, totaling $70,500 for the purpose of evading federal reporting requirements.  Rushton admitted that she was aware that financial institutions are responsible for filing a Currency Transaction Report (CTR) with the Internal Revenue Service when a customer conducts a currency transaction in excess of $10,000. 

The case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Jim Noble.

Financial Fraud
Updated June 15, 2016