Former Palm Beach County Branch Bank Manager Pleads Guilty to Structuring Charge
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and Jose A. Gonzalez, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division (IRS-CID), announce that Carey Robinson, a former branch manager of J.P. Morgan Chase Bank located in West Palm Beach, pled guilty today to one count of structuring financial transactions and causing Chase to fail to file required currency transaction reports, in violation of Title 31, United States Code, Section 5324(a)(1). Robinson’s sentencing is scheduled for May 25, 2012.
According to the Criminal Information and plea documents filed with the court, the defendant was employed as a bank manager at Chase from 2008 through May 2011. Beginning in approximately May 2009, the defendant started exchanging small bills for large bills for a bank customer. At first, the customer would bring stacks of $20 bills to the bank once or twice per week concealed inside a brown bag. Robinson would escort the customer into his office where he would take the bag, discreetly count the cash, and then direct a vault custodian to exchange the $20 bills for $100 bills. In some instances, the customer would wait at the bank while the vault manager did the exchange and then collect the $100 bills and leave. In other instances, the customer would drop off the cash and then leave the bank and collect the $100 bills from the defendant later that day at a parking lot near the defendant’s home. Later in the scheme, the customer stopped coming to the bank to avoid arousing the suspicions of bank employees. During that period, Robinson would meet the customer at a prearranged location, pick up the cash from him, conduct the exchange at the bank, and then deliver the $100 bills to the customer at another location.
Over a two-year period of time, Robinson exchanged almost $1 million for this customer. Most exchanges involved between $30,000 and $40,000. Although a bank is required to file currency transaction reports with the Department of Treasury for all cash transactions involving more than $10,000, Robinson ensured that the bank never filed a single currency transaction report for any of these exchanges.
Robinson faces a maximum sentence of 10 years’ imprisonment, followed by three years’ supervised release, and a fine.
A copy of this press release may be found on the website of the United States Attorney's Office for the Southern District of Florida at http://www.usdoj.gov/usao/fls. Related court documents and information may be found on the website of the District Court for the Southern District of Florida at http://www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov.