McCormick, 50, appeared in federal court on his single-count information, charging him with making false statements to the
According to court documents, McCormick served as a branch manager at the
While he was working at the bank, investigators were looking into a structuring scheme in
In this scheme, the company is alleged to have produced cash transactions of
According to court documents, federal investigators interviewed McCormick asking him whether he was aware of multiple Aracoma employees coming in to withdraw cash that would indicate the structuring scheme.
In Wednesday's hearing, McCormick said he didn't at the time employees were making the transactions that it was a structuring scheme.
However, he said when investigators interviewed him about the possible scheme, he had learned about it and lied saying he was never aware of multiple Aracoma employees simultaneously withdrawing cash.
U.S. District Judge
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