Smoke but no fire…

How strange – no accusation of money laundering (or was that just a way to extract a quick plea?).

Department of Justice
U.S. Attorney’s Office
Southern District of Illinois

FOR IMMEDIATE RELEASE
Friday, December 16, 2016

Millstadt Individual Pleads Guilty to Structuring Financial Transactions

 

Dean R. Kreher, 51, of Millstadt, Illinois, entered a plea of guilty to an Information charging two counts of Structuring Financial Transactions to Avoid Currency Transaction Reports, the United States Attorney for the Southern District of Illinois, Donald S. Boyce, announced today. Dean R. Kreher faces a statutory maximum prison sentence of up to 10 years, a fine of up to $500,000, and up to 3 years’ supervised release. Sentencing is scheduled for March 24, 2017. 

As part of the plea, Kreher admitted to structuring over $200,000 in cash financial transactions to avoid a cash transaction reporting requirement for a cash transaction that exceeds $10,000. As part of the plea Kreher admitted to using a number of business and corporate entities to structure including K&K Subs, Inc. and DRK Properties through various accounts at Scott Credit Union. Some of the funds went to Windoor, a window and door company in Belleville, IL that Kreher was a partner in. 

The prosecution is the result of an investigation by the Internal Revenue Service/Criminal Investigations and the Federal Bureau of Investigation. The case is being prosecuted by Assistant United States Attorney Norman R. Smith.

Admittedly, in the grand scheme of things, this isn’t the crime of the century.

Link:

DOJ Notice

 

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