A former federal agent from Omaha, Nebraska, has pleaded guilty to evading reporting requirements.
On September 14, 2021, Paul A. White, age 52, admitted to structuring financial transactions to avoid the requirement that banks report cash transactions in excess of $10,000.
According to court documents, from October 29, 2018, to February 26, 2019, White deposited a total of $99,900 in two banks.
White is scheduled to be sentenced on December 17, 2021, and faces a sentence of up to five years in prison.
A federal district court judge will determine the sentence after considering the United States Sentencing Guidelines and other statutory factors.
Acting U.S. Attorney Richard D. Westphal announced the charge, which was investigated by the Office of Inspector General.
The case is being prosecuted by the United States Attorney’s Office for the Southern District of Iowa, based on the recusal of the District of Nebraska United States Attorney’s Office.
Defendant: Paul A. White
Criminal Charges: Violation of Title 31, United States Code, Sections 5324(a)(3) and 5324(d), Structuring Financial Transactions to Evade Reporting Requirement
City and State: Council Bluffs, IA
Exact Date: September 14, 2021
Sentence: Up to five years in prison
Related Federal Cases
Key Facts
- State: Iowa
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
