{"id":145594,"date":"2011-11-30T15:27:11","date_gmt":"2011-11-30T21:27:11","guid":{"rendered":"http:\/\/www.ktbb.com\/post\/?p=145594"},"modified":"2011-12-01T16:23:44","modified_gmt":"2011-12-01T22:23:44","slug":"kilgore-man-sentenced-for-structuring-violation","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=145594","title":{"rendered":"Kilgore Man Sentenced for Structuring Violation"},"content":{"rendered":"<p> <a href=\"http:\/\/www.ktbb.com\/post\/?attachment_id=145601\" rel=\"attachment wp-att-145601\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ktbb.com\/post\/wp-content\/media\/2011\/11\/thumb_tyler-federalbuilding2-150x119.jpg\" alt=\"\" title=\"thumb_tyler-federalbuilding\" width=\"150\" height=\"119\" class=\"alignleft size-thumbnail wp-image-145601\" \/><\/a><br \/>\nTYLER \u2013  United States Attorney John M. Bales has announced that Candido Patino was sentenced in Tyler for structuring and assisting in structuring transactions with a domestic financial institution in the Eastern District of Texas.  Patino, 46, pleaded guilty to a violation of 31 U.S.C. \u00a7 5324 (structuring) on June 1, 2011.  Tuesday, during a hearing before United States Judge Leonard E. Davis, Patino was sentenced to 24 months imprisonment, a fine of $10,000, and a term of supervised release of 2 years.<\/p>\n<p>Financial institutions are required to file a Currency Transaction Report (CTR) with the Internal Revenue Service when a customer conducts a currency transaction (i.e., a deposit or withdrawal) in excess of $10,000.  Making cash deposits or withdrawals in amounts or in a manner to cause the financial institution to fail to file a CTR is referred to as &#8220;structuring&#8221; and is prohibited by federal law.  <\/p>\n<p>According to information presented in court, Patino operated a money transmitting business out of a restaurant he owned in Kilgore.  Individuals who wanted to transfer funds to Mexico typically paid cash to Patino for such services.  Patino then deposited the currency into a bank account at a federally-insured credit union.  Between July 2008 and October 2009, Patino, who was aware of the credit union&#8217;s reporting obligation, made over 300 structured cash deposits in a manner intended to evade the CTR requirement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TYLER \u2013 United States Attorney John M. Bales has announced that Candido Patino was sentenced in Tyler for structuring and assisting in structuring transactions with a domestic financial institution in the Eastern District of Texas. Patino, 46, pleaded guilty to a violation of 31 U.S.C. \u00a7 5324 (structuring) on June 1, 2011. Tuesday, during a &hellip; <a href=\"https:\/\/ktbb.com\/post\/?p=145594\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Kilgore Man Sentenced for Structuring Violation<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[177],"tags":[],"class_list":["post-145594","post","type-post","status-publish","format-standard","hentry","category-local-news-archive-archives"],"publishpress_future_action":{"enabled":false,"date":"2026-06-29 19:42:21","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/145594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=145594"}],"version-history":[{"count":16,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/145594\/revisions"}],"predecessor-version":[{"id":145961,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/145594\/revisions\/145961"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=145594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=145594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=145594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}