Ohio Man Pleads Guilty to Structuring Financial Transactions
HUNTINGTON, W.Va. – An Ohio man pleaded guilty today to structuring financial transactions to evade reporting requirements. According to court docu...
HUNTINGTON, W.Va. – An Ohio man pleaded guilty today to structuring financial transactions to evade reporting requirements. According to court documents and statements made in court, Gary McComas, 26, of Chesapeake, Ohio, admitted that he obtained multiple money orders in the Huntington, West Virginia area to help an individual in California evade financial reporting requirements. Federal law requires financial institutions to report certain information to the Department of the Treasury whenever a person exchanges cash for a money order in the amount of $3,000 in one transaction or a series of transactions.