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MIAMI---A West Palm Beach attorney will spend the next 18 months in federal prison, following by two years of supervised release, after pleaded guilty to three counts of illegal structuring of cash deposits to avoid a currency transaction report and making a false statement to agents of the Drug Enforcement Administration.
John A. Garcia had pleaded guilty to all four counts of the criminal information and paid a total of $75,000 in criminal forfeitures.
As part of the guilty plea, Garcia admitted structuring cash transactions in his bank account to avoid the filing of currency transaction reports that would have disclosed the source of the monies and their amounts; he also admitted that he lied to Special Agents of the Drug Enforcement Administration when he said that he had no financial or equitable interest in the construction of a residence in the name of Joel McDermott located in a real estate development known as "Olympia;" and he did not purchase cashier's checks from Bank of America for the residence of Joel McDermott located in a real estate development known as "Olympia." In fact, however, Garcia had a financial and equitable interest in the residence and had purchased several cashier's checks at Bank of America with cash given to him by McDermott. Thereafter, Garcia caused those cashier's checks to be tendered to Minto Homes for the benefit of McDermott and a home McDermott was building. 2-20-07
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© 2007 North
Country Gazette
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