Southlake, Texas, Man Sentenced to Two Years in Federal Prison on Structuring Conviction
Defendant Owns and Operates Pharmacies
DALLAS — Linus Nwosu was sentenced on Thursday, by U.S. District Judge Reed C. O’Connor, to 24 months in federal prison, following his guilty plea in June 2013 to one count of conspiracy to commit structuring. He was ordered to surrender to the Bureau of Prisons on February 25, 2014. The announcement was made by U.S. Attorney Sarah R. Saldaña of the Northern District of Texas.
Nwosu has also agreed to amend his taxes, and he has forfeited the $476,190 to the government. According to the order setting conditions of release, Nwosu is a resident of Southlake, Texas.
According to documents filed in the case, Nwosu owns and operates two pharmacies with his wife in the Dallas/Fort Worth area under the name GeneRx Discount Pharmacy, Inc. According to the factual resume, from on or about October 12, 2011, to May 16, 2012, Nwosu and his wife agreed to structure GeneRx’s cash deposits in order to avoid the currency reporting requirements. During this time, both he and his wife made approximately 77 cash deposits for a total of $476,190, and each of the deposits was made with the intent to avoid the currency reporting requirements. They received cash receipts from GeneRx on a daily basis and divided the cash into amounts under $10,000.
The case was investigated by Internal Revenue Service Criminal Investigation. Assistant U.S. Attorney Brian Poe was in charge of the prosecution.
Training and seminars for Federal, State, and Local Law Enforcement Agencies.
Help us combat the proliferation of sexual exploitation crimes against children.