Feds: Sonoran "Truck Driver" Ricardo Monteverde-Palazuelos "Structured" $800,000 in AZ Bank Deposits
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A "truck driver" from Altar, Mexico, tried to hide reporting requirements for about $800,000 he put into an Arizona bank over nine months, court records state.
Last week, the federal government seized about $82,000 from the account of the Mexican suspect, Ricardo Monteverde-Palazuelos. The action prompted the suspect and his attorney, Matthew Davidson of Nogales, to file a claim for the money with the asset Forfeiture Section of the Customs and Border Protection agency.
The court filing does not state that Ricardo Monteverde-Palazuelos earned the money by illegal means. Altar, located about 50 miles south of the Arizona border, is a prime staging area for smugglers. It's also known for its agricultural industry. Agents with the Customs Service's Office of Special Agent in Charge began the investigation into the suspect's "banking practices" in May.
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