Bank Employee Sentenced for Laundering Drug Money


Sabrina Nicole Fitts, age 29, of Baltimore, Maryland, was sentenced Dec. 20 to a one-month prison term, eight months of home detention and 250 hours of community service after pleading guilty to failing to file currency transaction reports on suspected proceeds of illegal drug dealing by U.S. District Judge James K. Bredar.

Bredar also ordered Fitts to forfeit $5,000 she admitted she was paid by a drug dealer.

According to the plea agreement, Fitts, head teller at the Perry Hall branch of M&T Bank converted the proceeds from the sale of illegal drugs from small denomination bills –$5, $10 and $20 bills—to $100 bills for the leaders of a drug trafficking organization on at least eight occasions over a period of two to three years.

U.S. Attorney Rod Rosenstein, in a news release Dec. 20, said the amounts involved in each transaction ranged from $50,000 to $100,000 and that Fitts converted the bills without complying with federal rules for filing, or having anyone else at the bank , a currency transaction report or suspicious activity report.

The sentence was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Assistant Special Agent in Charge Gary Tuggle of the Drug Enforcement Administration, Baltimore District Office; and Chief James W. Johnson of the Baltimore County Police Department.

Fitts’ plea agreement cited the example of an April 18 transaction when an unnamed drug dealer called Fitts to arrange the conversion of $100,000, gave her a bag or backpack of small denomination bills, and returned later the same day to retrieve the $100 bills.

On this occasion, and others alleged by prosecutors, the drug dealer paid Fitts one percent of the amount involved as her fee. Fitts admitted she received $5,000 from the drug dealer.

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Bank Employee Sentenced for Laundering Drug Money

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