GREENBELT, Md. -- A former bank manager has been sentenced to 6½ years in prison for his role in a tax scandal that cost the District of Columbia almost $50 million.
Walter Jones helped deposit almost $18 million in fraudulent checks while working at Bank of America after he was befriended by the scheme's mastermind, Harriette Walters. Prosecutors say That in exchange for his help, Jones received cash gifts totaling at least $366,000, prosecutors said.
Jones, of Essex, was sentenced Monday in federal court in Greenbelt after pleading guilty in May to one count of conspiracy to commit money laundering.
D.C. has sued Bank of America for $105 million, alleging the bank failed to properly train and supervise its employees.
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