SPRINGFIELD, Mo. (AP) - A southwest Missouri man will serve one year and one day in prison with no chance of parole for evading federal reporting rules to conceal a scheme to sell stolen cooking oil.
The U.S. Attorney's office says in a news release Monday that 46-year-old Jesse Arnold of Sarcoxie was sentenced Friday. He also must also forfeit $207,817.
Arnold operated 4 States Grease Company, which collected spent cooking oil for recycling. He admitted last December that he knew he was buying old cooking oil that had been stolen by various drivers from businesses in Missouri, Kansas, Oklahoma, and Arkansas.
Prosecutors said Arnold avoided federal reporting requirements by making withdrawals from his business checking count for less than $10,000. Banks must file a currency transaction report for any financial transaction over $10,000.Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.