Community Corner
Cheshire Woman Charged with Evading Bank Deposit Reporting
A 70-year-old Cheshire resident pleads guilty to structuring currency transactions.
Della Lien, 70, of 155 Bellamy Rd. has pleaded guilty to depositing and withdrawing bank funds in such a way as to avoid a "Currency Transaction Report" which is required for any amount over $10,000.
According to U.S. District Court documents and statements made in court, Lien made 14 cash deposits ranging from $8,000 to $9,750, from March 2007 through June 2009, totaling $125,010, into various accounts she held at Webster Bank.
In pleading guilty, Lien also admitted that, between April 2006 and October 2009, she structured an additional $281,763 in cash deposits at banks in New York.
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Lien is scheduled to be sentenced in January at which time she faces a maximum term of imprisonment of five years and a fine of up to $250,000.
The case was investigated by Internal Revenue Service's Criminal Investigation unit.
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