Former Tyler Banker Pleads Guilty in Federal Court
Posted/updated on: December 18, 2015 at 5:15 pm
TYLER — A former vice-president and trust officer at Regions Bank in Tyler Texas has pleaded guilty in federal court to structuring financial transactions to avoid reporting requirements. Carol D. Rushton, 53, appeared Thursday before U.S. Magistrate Judge Nicole Mitchell, waived grand jury indictment, and pleaded guilty to a one-count information. Federal prosecutors say Rushton caused nine separate transactions of $10,000 or less, totaling $70,500.00, from November 3, 2010-August 15, 2012, at the Regions Bank in Tyler for the purposes of evading federal reporting requirements. She is now facing a maximum sentence of 5 years in prison and a fine not to exceed $250,000.00. A sentencing hearing has not been.
