Jade Martin, age 25, of Cornwall Island, Ontario, Canada, has been charged with bulk cash smuggling after attempting to transport $256,910 in United States currency from the United States into Canada.
According to the charges, Martin knowingly concealed the cash in his car with the intent to evade currency reporting requirements. The announcement was made by United States Attorney Grant C. Jaquith; Kevin Kelly, Special Agent in Charge of the Buffalo Field Office of Homeland Security Investigations (HSI); and Robert Dwyer, Massena Port Director, United States Customs and Border Protection (CBP).
The complaint alleges that on August 4, 2020, Martin concealed $256,910 in two boxes and drove with these boxes to the Massena, New York, Port of Entry, where he attempted to transport them into Canada. The complaint further alleges that CBP Officers discovered the cash during an outbound inspection, after Martin denied traveling with more than $10,000 in currency.
Federal law requires a person to report the transportation of currency over $10,000 upon exiting the United States. The charges in the complaint are merely accusations, and Martin is presumed innocent unless and until proven guilty.
The felony charges against Martin carry a maximum penalty of 5 years in prison and a term of supervised release of up to 3 years. If convicted, Martin may also be ordered to forfeit to the United States any property involved in the offense.
This case is being investigated by HSI and CBP, and is being prosecuted by Assistant U.S. Attorney Shira C. Hoffman. Martin made his initial appearance today in federal court in Plattsburgh, New York, and the case will continue to unfold in the coming weeks.
The charges against Martin highlight the importance of adhering to currency reporting requirements and the consequences of attempting to evade these laws. As the investigation continues, it remains to be seen what further developments will arise in this case.
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Key Facts
- State: New York
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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