- Associated Press - Thursday, March 12, 2015

CHARLESTON, W.Va. (AP) - A former Logan County assessor will spend five years on probation for violating federal banking laws.

Russell R. “Rick” Grimmett’s sentence includes six months on home confinement.

Media outlets report that U.S. District Judge Thomas Johnston sentenced the 51-year-old Grimmett on Wednesday.

Grimmett had pleaded guilty in December 2014. He admitted he and an associate withdrew cash from the Logan Bank and Trust in Man in amounts less than $10,000, a banned practice known as structuring. Federal law requires banks to report all cash transactions exceeding $10,000.

Grimmett agreed to resign as assessor as part of his plea agreement. He also agreed to forfeit $150,000.



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