In relation to these allegedly structured transactions, Count 19 of the indictment alleges that Hernandez s structured cash transactions caused Bank of America to file a report with the Internal Revenue Service that contained a material omission or misstatement of fact. The charges in the indictment carry a maximum possible penalty under federal law of 195 years in prison. An indictment contains allegations that a defendant has committed a crime.
Every defendant is considered innocent until and unless proven guilty.
May. This case is the product of an investigation by IRS Criminal Investigation. 01-076 Return to the 2001 Press Release Index.