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San Francisco Man Sentenced to 12 Months for Structuring Currency Transactions
San Francisco, California – Tailiang Li, 63, of San Francisco, California, was sentenced to 12 months in prison for unlawfully structuring cash transactions, announced United States Attorney Melinda Haag and Internal Revenue Service, Criminal Investigation Special Agent in Charge José M. Martinez.
The indictment charges Li with 20 counts of structuring transactions to evade reporting requirements. Li pleaded guilty to 2 counts of structuring transactions to evade reporting requirements.
Between February 14, 2008 and May 1, 2009, Li purchased, with cash, 174 – $1,000 money orders ($174,000) from the United States Postal Service. He purchased money orders from the following post offices: Millbrae Main Station, Chinatown Station, Sunset Station, Irving Station, Golden Gate Station, Steiner Station, and Geary Station. He typically purchased money orders from at least two or more post offices in one day. However, if he did purchase money orders from the same post office on the same day, he took particular care not to purchase from the same window clerk.
Li was charged on February 12, 2013. He pleaded guilty on August 6, 2013. The prosecution is the result of an investigation by the Internal Revenue Service, Criminal Investigation.
Limited to 2 counts of structuring transactions to evade reporting requirements, Li was also ordered to forfeit $174,000. This sum represents the funds that were involved in the structuring violations.
Assistant United States Attorney Thomas Moore is prosecuting the case.
The investigation was conducted by the Internal Revenue Service, Criminal Investigation.
Tailiang Li, 63, of San Francisco, California, pleaded guilty to 2 counts of structuring transactions to evade reporting requirements. Li was sentenced to 12 months in prison.
Key Facts
- State: California
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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