Structuring

I’ve written about whether buying money orders could get you convicted of money laundering before. Recent events have suggested it’s time for a reminder post. If you’re buying money orders, you may want to read my post on everything you need to know structuring. As a reminder: I am not a lawyer I am not a CPA …

Could you get convicted of money laundering buying money orders? Cindy Omidi, mom to two brothers who owned 1-800-GET-THIN, was convicted of violating a federal law that prevents buying money orders under the reportable amount to avoid reporting. Omidi faces up to 10 years in a federal prison. Omidi allegedly bought more than 300 money …