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Woodside man sentenced to prison for violating bank reporting laws

Original post made on Oct 9, 2016

A Woodside man who admitted that he structured his bank transactions to conceal that he skimmed about $1.5 million in cash from his business was sentenced Friday to 31 months in prison and ordered to pay a $10,000 fine, federal prosecutors said.

Read the full story here Web Link posted Sunday, October 9, 2016, 11:42 AM

Comments (2)

Posted by wow
a resident of Woodside: other
on Oct 9, 2016 at 1:22 pm

So many crooks in Woodside and Portola Valley. Unlike the 2 bit crooks in other cities, we have million dollar crooks.

Posted by LJ94062
a resident of Woodside: other
on Oct 10, 2016 at 5:14 pm

LJ94062 is a registered user.

Per Alftin is a great guy. He made a wrong decision on how to deposit his money but he is still a great guy. In reading about this law, it seems pretty easy for good hard working people who earn their money honestly and pay their taxes honestly to get in trouble because of how they put their money into their account. It is hard to believe that a rapist gets 6 months for his crime and this gets 31 months. Where is the justice here?

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