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CASE ENTRY

Stoltzfoos v. Secretary

Lancaster County, Penn. man decides to deposit his life savings—$541k cash he’d previously kept at home—in bank. To avoid law requiring banks to report all cash transactions of $10k or more to the feds, he makes 58 deposits of under $10k at multiple banks. He’s convicted of 58 counts of “structuring,” gets 2–10 year sentence, and must forfeit all the money. Third Circuit: No constitutional problem there.


Tags: 2018, Structuring, Substantive Due Process, Third Circuit

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