Dubuque Woman Pleads Guilty To Violating The Anti-Structuring Regulations

A Dubuque woman who broke up cash deposits to avoid federal reporting requirements pled guilty on February 17, 2015, in federal court in Cedar Rapids.

Janet E. Malone, 68, from Dubuque, Iowa, was convicted of one misdemeanor count of willful violation of an anti-structuring regulation.

In a plea agreement, Malone admitted that she made 12 structured cash deposits totaling $89,100.00 into her bank account.  The deposits were made approximately one year after IRS agents warned Malone’s husband, in her presence, that structuring laws forbid such transactions.

Sentencing before United States District Court Magistrate Judge Jon S. Scoles will be set after a presentence report is prepared.  Malone remains free on bond previously set pending sentencing.  Malone faces a possible maximum sentence of less than one years’ imprisonment, a $100,000.00 fine, $25.00 in special assessments, and up to one year of supervised release following any imprisonment.

The case is being prosecuted by Assistant United States Attorney Matthew J. Cole and was investigated by the Internal Revenue Service. 

Court file information is available at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.  The case file number is 15-CR-01006.

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