Under the federal legislation known as the Bank Secrecy Act, it is now illegal to break up large deposits in order to avoid reporting large influxes of cash to the IRS. Many people are aware of this law and purposefully try to circumvent complying with it.
If you are caught trying to “structure” your deposits to avoid reporting to the IRS, you can be subject to penalty under the Bank Secrecy Act. This is a civil and criminal offense. If you are being targeted by the IRS or another federal or state branch of government, we can help you protect your rights and interests.
Questions about structuring or other bank fraud charges? Contact the Kridel Law Group to learn about how we put our courtroom experience and state-of-the-art technology to work for clients.
Skilled Clifton, New Jersey, Bank Fraud Attorneys
Passaic County and Bergen County structuring defense attorney James A. Kridel, Jr. has extensive knowledge of investigative techniques having served as a Counterintelligence Agent in New York and a POW interrogator during his service in the United States Army during the Vietnam War. Mr. Kridel knows how to effectively pursue the information he needs to build a strategic, aggressive criminal defense for his clients.
Structuring of deposits can result in allegations of:
- Bankruptcy fraud
- Bank fraud
- Tax evasion and tax fraud
- Money laundering
This type of illegal financial transaction can result in the IRS choosing to pursue action against you at their discretion. Whether the funds come from a legal source or not, the government can seize all of the money in the account. Our law firm can intervene to help you before you lose the entire contents of the account. In many instances, the government will ask you to forfeit the account and in exchange they will stop any investigation about the source of the money. If you choose not to comply with this offer, they will investigate to reveal if the funds were the result of a criminal enterprise.
Our criminal defense lawyers can also help you fight the charges, and through discovery and aggressive negotiation we can help you settle for a smaller amount to avoid complete forfeiture.
Call To Schedule Your Initial Consultation
Contact our offices in Clifton today to learn more about our criminal defense services and how we can help you. We will give you an honest assessment of your case and help you understand your legal options. You can reach us by phone at 973-470-0800 or via email. We accept most major credit cards for your convenience.