United States Attorney Deborah R. Gilg announced that, on February 24, 2012, an Indictment was unsealed charging Robert Faulkner, 63, and his daughter, Karen Faulkner-King, 35, with conspiracy to commit structuring of cash transactions in order to avoid a bank’s reporting requirements from January 2009 through July 18, 2012. The Indictment also charges the two with sixty-seven individual counts of structuring, occurring over the same time period.
Faulkner and his daughter’s first court appearance will be March 26, 2012. If convicted, they face a maximum of imprisonment of 10 years, a fine of up to $250,000.00, a $100.00 special assessment, the forfeiture of money seized from four bank accounts, and an $887,379.00 money judgment. Following any prison term, they would serve at least three years on supervised release.
This case was investigated by the Internal Revenue Service and Homeland Security Investigations