News and Press Releases

Arrest Made on Charges of Failure to File Currency Transaction Reports

FOR IMMEDIATE RELEASE
May 23, 2012

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, John V. Gilles, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, and José A. Gonzalez, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division (IRS-CID), announced that defendant Abbas Hachem was arrested on May 22, 2012 on charges in an indictment filed in South Florida on December 6, 2011. The 250 count indictment charges him with violations of the Currency Transaction Reporting Requirements from about January 2007 through March 2011, in violation of Title 31, United States Code, Sections 5331(a) and 5324(b)(1). The defendant made his initial appearance in court yesterday before U.S. Magistrate Judge Barry L. Garber. A pre-trial detention hearing is scheduled for May 31, 2012 at 10:00 a.m.

The indictment alleges that Abbas Hachem and his co-defendant Mohamad Hachem conspired and failed to file required currency transaction reports on cash payments in amounts over $10,000, which were received in connection with the operation of Coastal Rags, Inc., a business that was owned and operated by defendants Mohamad Hachem and Abbas Hachem.

If convicted, Abbas Hachem faces a maximum statutory sentence of up to 5 years in prison on each of the two charged conspiracy counts and up to 10 years in prison on each charged substantive failure to file count.

Mr. Ferrer commended the investigative efforts of the FBI and IRS-CID. The case is being prosecuted by Assistant U.S. Attorney Michael Walleisa.

Return to Top

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.

Red Ribbon Week October 23-31
USAO Homepage
USAO Briefing Room
Stay Connected: Visit us on Twitter
What Makes Schools Safer? Using science to discover what works. Federal funding available. Visit NIJ.gov, keywords: 'comprehensive school safety intiative'
Project Safe Neighborhoods

Our nation-wide commitment to reducing gun crime in America.

Project Safe Childhood

Help us combat the proliferation of sexual exploitation crimes against children.

Victim Witness Assistance

Making sure that victims of federal crimes are treated with compassion, fairness and respect.