The assessor for Logan
County
Russell “Rick” R. Grimmett was named in a federal information
filed by U.S. Attorney Booth Goodwin on Wednesday, alleging he and an associate
withdrew cash from the Logan Bank and Trust in Man, West Virginia
Banks are required by federal law to report all cash
transactions in excess of $10,000 and the practice Grimmett is accused of known
as “structuring,” is a federal crime.
Grimmett faces up to five years of imprisonment and a fine
of up to $250,000 if convicted.
Wednesday’s charge stems from an investigation conducted by the
FBI, IRS Criminal Investigation, U.S. Postal Inspection Service, and the West
Virginia State Police.
Assistant U.S. Attorney Meredith George Thomas is handling the
prosecution on behalf of the government.
