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UNITED STATES ATTORNEY ALICE H. MARTIN |
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| FOR IMMEDIATE RELEASE | CONTACT: KAREN NARAMORE | |||
| FEBRUARY 26, 2009 | PHONE: (205) 244-2001 | |||
| www.usdoj.gov/usao/aln | FAX: (205) 244-2171 | |||
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UNITED STATES ATTORNEY ALICE H. MARTIN |
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| FOR IMMEDIATE RELEASE | CONTACT: KAREN NARAMORE | |||
| FEBRUARY 26, 2009 | PHONE: (205) 244-2001 | |||
| www.usdoj.gov/usao/aln | FAX: (205) 244-2171 | |||
HAZEL GREEN MAN INDICTED FOR STRUCTURING TRANSACTIONS
BIRMINGHAM, AL - CHARLES GREGORY CARDWELL, 54, of Hazel Green, Alabama, was charged in a sixty-eight count indictment filed today at U.S. District Court in Birmingham. United States Attorney Alice H. Martin of the Northern District of Alabama and Reginael D. McDaniel, Special Agent in Charge, Internal Revenue Service-Criminal Investigations announce today that CARDWELL has been indicted by a federal grand jury sixty-seven counts of structuring transactions and one criminal forfeiture count.
The indictment charges that from October 2006 through August 2008, CARDWELL knowingly made over 67 separate cash deposits totaling more than $100,000 in a 12 month period into his personal checking account for the purpose of evading reporting requirements.
The maximum sentence for structuring financial transactions is 5 years in prison and a fine of no more than $250,000. The indictment also charges that CARDWELL shall forfeit interests in real or personal property involved in the offenses totaling $658,970.00.
“Evading federal reporting requirements by structuring financial transactions is a crime and you will face going to prison,” stated U.S. Attorney Alice H. Martin.
"Currency reporting information is a vital tool for IRS Criminal Investigation and its law enforcement partners as it provides a roadmap for the investigation of financial crimes and other illegal activities. Those who attempt to evade detection of currency deposits risk losing not only their assets, but also their liberty," stated Reginael D. McDaniel, Special Agent in Charge, Internal Revenue Service-Criminal Investigations.
This case was investigated by agents with the Internal Revenue Service, and Assistant United States Attorney Angela R. Debro is prosecuting this case on behalf of the United States.
Members of the public are reminded that the indictment contains only charges. A defendant is presumed innocent of the charges and it will be the government’s burden to prove a defendant’s guilt beyond a reasonable doubt at trial.
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