Jan. 24, 2205 – A federal grand jury Thursday indicted six individuals on structuring monetary transactions for the purpose of avoiding reporting requirements.
According to a press release from the U. S. Attorney's office, three of the six individuals were also charged with conspiracy to structure monetary transactions.
Acting United States Attorney Anthony Jenkins stated that these indictments are the culmination of a yearlong investigation, led by the Internal Revenue Service.
The press release said defendants were arrested without incident Friday and made appearances before the court. Three of the defendants are residents of St. Thomas and are Mohammed Al-Suradi, 27: William A. Slosky, 68; and Hussein A. Jamil, 34. The other three defendants are residents of St. Croix and are All Khaled, 54, Kheir Hannun, 39, and Ali Suleimen Khaled, 39,
This indictment charges Khalid, Hannun and Khaled with one count of conspiracy to structure monetary transactions in excess of $10,000 in violation of federal law. According to the indictment, on or about June 8, 2001 through Oct. 30, 2001, on St. Croix and elsewhere, the defendants purchased bank checks on the same day at the same bank from different tellers and on the same day from different banks. The checks purchased by the defendants were in amounts of less than $10,000 to avoid federal reporting requirements, but the total purchased exceeded $120,000. The indictment further alleges that the checks were purchased at Banco Popular and Nova Scotia Bank.
If found guilty of all charges, the defendants would face 10 years in jail and fines of $500,000.
This indictment charges Slosky with six counts of structuring transactions to avoid reporting requirements under federal law. The indictment alleges that Slosky structured funds totaling more than $120,000 by making various currency deposits in amounts of less than $10,000 at the Bank of Nova Scotia and First Bank in the District. In addition, the indictment charges Slosky with one count of causing or attempting to cause Scotia Bank and First Bank to fail to file a report required under federal law.
He too could face 10 years and a $500,000 fine.
This indictment charges Jamil with three counts of causing or attempting to cause Banco Popular and FirstBank to fail to file a report required under federal law. The indictment alleges that Jamil structured funds totaling more than $30,000 by making various currency deposits in amounts of less than the $10,000 requirement of federal law.
This indictment charges Al-Suradi with two counts of structuring monetary transactions for the purpose of avoiding reporting requirements in violation of federal law. The indictment alleges that Al-Suradi structured funds totaling more than $30,000 by making deposits in amounts of less than $10,000 at the Bank of Nova Scotia and FirstBank. In addition, the indictment charges Al-Suradi with two counts of causing or attempting to cause Scotia Bank and First Bank to fail to file a report required by federal law.
The maximum penalty for the structuring offense in both the Jamil and Al-Suradi cases is 5 years imprisonment and a $250,000 fine.
Each of the four indictments alleges that the government intends to confiscate all property, real and personal, involved in the offenses.
Jenkins emphasized these indictments are formal charging documents and all the defendants are presumed innocent unless and until guilt is established at trial.
Jenkins, in the press release, thanked Brian Wimpling, special agent in charge, Criminal Investigation Division, Internal Revenue Service, for his leadership in the investigation. He also thanked Roberta Medina, special agent in charge; Immigration and Customs Enforcement; Jerome Harris, special agent in charge, Drug Enforcement Administration; Manual Gonzalez, inspector, U.S. Postal Inspection Service; and Luis Fraticelle, special agent in charge, Federal Bureau of Investigation for their work in bringing these cases to fruition.
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