Man indicted for structuring pleads not guilty

by Mindy Aguon

Guam - Mee Sook Shin was indicted on 7 counts of structuring accused of making more than $112,000 in deposits to avoid reporting the income. The indictment was handed down on Wednesday but was sealed, or kept secret from the public, until authorities were able to arrest shin. 

According to the indictment, Shin made multiple, large cash deposits into his bank account in varying amounts to avoid reporting requirements. The alleged deposits were made beginning in July 2007 and continued through last year. Court documents do not state where authorities believe shin obtained the cash.  The federal case was unsealed today after Shin was arrested on Wednesday. 

He appeared in the District Court and pleaded not guilty to the charges. The case is being investigated by IRS Criminal Investigation, the Drug Enforcement Administration and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

He is scheduled to go to trial on September 18 and was remanded to the custody of U.S. Marshals.