Legal Opinion
United States v. Shearson Lehman Bros., Inc.
District Court, E.D. Pennsylvania
Decided December 4, 1986No. Crim. 86-00293-01 to 86-00293-08PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM
SCIRICA, District Judge.
This is a matter of first impression in this circuit, requiring an examination of the statutory framework under which the United States has charged defendants with criminal liability for a sophisticated scheme to conceal from the government unreported and illegal income.
Defendants’ liability is based on the Bank Secrecy Act of 1971 and its implementing regulations, which require financial institutions to file a report for any currency transaction exceeding $10,000. 31 U.S.C. § 5313; 31 C.F.R. § 103.22 (1985). Congress enacted these provisions to obtain…
2Cases cited58 opinions
- Hoffman Estates v. Flipside, Hoffman Estates, Inc.Supreme Court of the United States · 1982
- Udall v. TallmanSupreme Court of the United States · 1965
- Kolender v. LawsonSupreme Court of the United States · 1983
- Hamling v. United StatesSupreme Court of the United States · 1974
- Costello v. United StatesSupreme Court of the United States · 1956
53 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- United States v. Wesley BuceyCourt of Appeals for the Seventh Circuit · 1989
- United States v. American Investors of Pittsburgh, Inc.Court of Appeals for the Third Circuit · 1989
- The United States v. Arthur G. Besmajian, Jr., William J. Amwake. Appeal of United States of AmericaCourt of Appeals for the Third Circuit · 1990
- United States v. Eleven VehiclesDistrict Court, E.D. Pennsylvania · 1993
- United States v. BuceyDistrict Court, N.D. Illinois · 1988
4 more not listed; retrieve them via the Exa API.