BALTIMORE — A federal judge in Baltimore is ordering M&T Bank Corp. to forfeit $560,000 in drug money laundered through a branch in Perry Hall.
U.S. Attorney Rod Rosenstein announced the forfeiture Wednesday.
The judge found that the bank failed to file reports on at least eight currency transactions in which a teller converted proceeds from illegal drug sales from small denomination bills into $100 bills.
Former head teller Sabrina Fitts was sentenced to a month in prison for failing to file currency transaction reports on suspected drug proceeds. Fitts also must forfeit $5,000 she was paid by customer Deanna Bailey to do the conversions.
Bailey was sentenced to 46 months in prison for money laundering conspiracy.
The bank said that its cooperation with law enforcement helped in the prosecution and recovery.
More From Maryland
- Metro to Phase Out Old Trains by July
- Mom Gets 45 Years for Killing her 2 Toddlers
- Maryland Suspends New Contracts for Purple Line
- REPORT: Tiger Woods Charged with DUI in Florida
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)