United States Attorney John L. Ratcliffe
Eastern District of Texas
FOR IMMEDIATE RELEASE CONTACT: DAVILYN WALSTON
TUESDAY, NOVEMBER 13, 2007 PUBLIC INFORMATION OFFICER
WWW.USDOJ.GOV/USAO/txe PHONE: (409) 839-2538
CELL: (409) 553-9881
KILGORE WOMAN GUILTY OF STRUCTURING
TYLER, TX – United States Attorney John L. Ratcliffe announced today that a 64-year-old Kilgore woman has pleaded guilty to structuring transactions in the Eastern District of Texas. Structuring
MARY ANN BRALY admitted to structuring transactions to avoid reporting requirements today before United States Magistrate Judge Judith K. Guthrie.
According to information presented in court, from 2003 to 2006, Braly devised a scheme to evade federal reporting requirements by structuring a series of transactions with Guaranty Bank in Kilgore for the sole purpose of financial gain. The total value of the structured transactions during this time was $1,056,180.00.
Braly faces up to 10 years in federal prison and a fine of up to $500,000.00 at sentencing. A sentencing date has not been set.
This case is being investigated by the Internal Revenue Service Criminal Investigations Division and is being prosecuted by Assistant United States Attorney Gregg A. Marchessault.
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