PORTLAND, Maine — October 30, 2014 — A Kittery man was sentenced Wednesday to 45 days in prison for structuring currency transactions and for illegally purchasing lobsters.
John W. Price, 59, was also fined $100,000 in U.S. District Court by Judge D. Brock Hornby, according to a press release from U.S. Attorney Thomas E. Delahanty II. Court records reveal that between 2008 and 2010, Price, the owner of J.P.'s Shellfish, a seafood distributor in Eliot, Maine, purchased lobsters for cash from a dock employee of the Spruce Head Fisherman's Co-op in South Thomaston, Maine. Price directed his employees who withdrew the cash from the J.P.'s Shellfish business bank account not to withdraw more than $10,000 in cash at any one time, so as to avoid federal regulations requiring banks to file reports involving cash transactions of more than $10,000.
Read the full story from the Foster's Daily Democrat