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March 19 (Bloomberg) -- Richard T. Race, the Pentagon inspector general's chief investigator of procurement fraud and official misconduct, quit his job and pleaded guilty last month to violating U.S. banking laws.
The previously unpublicized case was filed Feb. 26 in federal court in Alexandria, Virginia, according to court papers. Race, 61, admitted he made cash deposits at the Pentagon's credit union on three straight days in March 2007 that were designed to evade laws that track large currency transactions. The government seized the total of $20,000 in deposits as part of the plea deal.