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Burlington County Woman Admits Masking $700G Cash Stash

A woman from Chesterfield risks up to 10 years in prison when she’s sentenced in February for trying to hide more than $700,000 in accumulated funds with bank deposits just below the $10,000 threshold for federal Currency Transaction Reports.

Sandra Mastoris, 57, pleaded guilty today in a Trenton federal courtroom for what’s known as structuring, during 2008 and 2009. She also faces a possible fine of up to $500,000.

According to information supplied by New Jersey U.S. Attorney Paul Fishman, Mastoris admitted depositing portions of the accumulated wealth into 13 different accounts at five banks.

Prosecutors say she transacted more than 200 deposits at branches of JP Morgan Chase, PNC Bank, Sovereign Bank, Bank of America and Grand Bank.

The indictment charges that she structured more than $700,000 in total, and more than $100,000 in the course of a year.

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