Tuesday, April 28, 2009

Unlicensed money transmitters admit to violating U.S. currency laws

2009-04-27
Source: US Immigration and Customs Enforcement (ICE)

PHILADELPHIA - Youra Orn, 61, and Mony Serey, 35, both of Philadelphia, pleaded guilty on April 21 to conspiracy and to transporting U.S. currency without filing the proper paperwork. The charges resulted from an investigation by U.S. Immigration and Customs Enforcement (ICE). The defendants admitted they failed to prepare or file a report of the international transportation of currency with U.S. Customs and Border Protection.

The indictment charged Serey with boarding a plane for Cambodia with approximately $271,528. Orn and Serey accepted cash from customers to transfer the cash to Phnom Penh, Cambodia, via international wire or physical transport, without obtaining a license to operate a money transmitting business. They also failed to register as money transmitters with the U.S. Treasury's Financial Crime Enforcement Network (FinCEN) as required by federal law.

The defendants face a maximum possible sentence of 10 years in prison, a fine of up to $500,000, a $500 special assessment and three years of supervised release when sentenced on July 23, 2009. The case is being prosecuted by Assistant U.S. Attorneys Floyd J. Miller and David J. Caputo.

9 comments:

Anonymous said...

Wow, this is a hash sentence and teach some Khmers who ignore the law. These two and others do this to make profit without paying the tax. Now they end up with the heavy sentence. Prison is not a good place for staying. Don't take someone's money with you when they ask you to do them a favor. Let them get mad at you because the person who ask you to deliver money to their relatives won't get punish. So for your own safety when you travel back to Cambodia, don't accept anyone's favor except your siblings. The same things as some business owners who you know ask you to write a check for them and they give you cash for deposit in the bank. You're asking for trouble for yourself, but not them. The bank will look for irrigular deposit and report to IRS if your luck is end. You don't get a penny from them and they don't thank you for doing their favor. You might get rob while going to the bank.

Good luck for staying in the prison, but these two are lucky. If they stay in Cambodia prison, they might be killed by Hun Sen.

Anonymous said...

GEE! they just dumb!!!!! or Neak Leng!!!!!

Anonymous said...

i know, how could they try to do it illegally? use the bank tramsmit, that what banks are for! people will try to avoid the fees any way they can. it's probably happen all the time in cambodia or elsewhere! it just this one person is being caught eventually.

Anonymous said...

3:03AM people stollen, extortion, and kill people all the time only some were caught!

The terrorist to not all caught!

Anonymous said...

Bad thing always results in negative, good results in positive. Don't do bad. Learn to be do good, moral and responsible individually and collectively.

Anonymous said...

This money is dirty money for CCP

Anonymous said...

It doesn't matter even if this money is use for nonprofit purpose and they both would still a jail time and a big fine!

Hey! it is the law!

jl270 said...

There are so many money transmitters that they didnt need to carry it across. The amount they were making they could would have only be charged 1% to trasmit privately...banks are the worst way to send, private is the best route. www.currenciesdirect.com (www.currenciesdirect.net) give to good avice on cash transfers, their rates make the banks look like jokers...

Anonymous said...

Shit happens. Sometimes when you dont give a shit, shit does happen and that's how they got it coming!