Date: 02-07-2020

Case Style:

Case Number: 1:18-cr-00195

Judge: Jorge L. Alonso

Court: United States District Court for the Northern District of Illinois (Cook County)

Plaintiff's Attorney: Christopher V. Parente

Defendant's Attorney:

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Description: Chicago, IL - The United States of America charged Antuane King with structured money laundering.

A Chicago man has been found guilty of illegally structuring nearly $350,000 in cash deposits in an effort to evade federal reporting requirements.

In 2015 and 2016, ANTUANE KING made at least 37 deposits of less than $10,000 each at seven financial institutions, including the Chicago Firefighters Credit Union. The deposits were structured in an effort to evade federal reporting rules, which require financial institutions to notify the U.S. Department of the Treasury about transactions of more than $10,000. After making all of the structured cash deposits, King later combined all of the money to purchase three residences in Markham, Lynwood, and Homewood.

A federal jury in Chicago on Wednesday convicted King, 49, on two counts of structuring a currency transaction. Each count is punishable by up to five years in federal prison. U.S. District Judge Jorge L. Alonso set sentencing for June 12, 2020.

The conviction was announced by John R. Lausch, Jr., United States Attorney for the Northern District of Illinois; and Kathy A. Enstrom, Special Agent-in-Charge of the IRS Criminal Investigation Division in Chicago.

STRUCTURING TRANSACTIONS TO EVADE REPORTING REQUIREMENTS
(1)
STRUCTURING TRANSACTIONS TO EVADE REPORTING REQUIREMENTS
(1s)
REPORTS ON DOMESTIC COINS AND CURRENCY TRANSACTIONS
(1ss)
STRUCTURING TRANSACTIONS TO EVADE REPORTING REQUIREMENTS
(2ss)

Outcome: Defendant was found guilty by a jury.

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Defendant's Experts:

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