LA Bank manager gets prison for money laundering scheme
The manager of a Southern California bank branch has been sentenced to two years in federal prison for conspiring to launder more than $25,000 in cash by converting it into cashier’s checks.
The Los Angeles U.S. Attorney’s Office says 54-year-old Vivian Tat of Hacienda Heights was also sentenced Monday to pay a $2,000 fine.
Tat and a co-defendant were found guilty in September of conspiring to commit money laundering and Tat also was convicted of two counts of causing a false statement in a bank record.
The U.S. Attorney’s Office says Tat is a vice president at East West Bank who is currently on administrative leave.