Corpus Christi pair's indictment details more than 100 unreported transactions nearly $10,000 each

CORPUS CHRISTI — A recently released indictment of a Corpus Christi couple who was arrested last week details more than 100 financial transactions just shy of $10,000 each.

Kimberly Davis, 27, and Justin Colmenero, 30, were indicted May 22 on three counts of structuring financial transactions from Sept. 13, 2011, to Oct. 25.

The indictment accused Davis and Colmenero of structuring more than $100,000 in cash deposit transactions during a 12-month period to avoid the bank’s reporting requirements.

The Bank Secrecy Act of 1970 requires financial institutions to file reports with the Treasury Department of cash transactions exceeding $10,000, according to a U.S. attorney’s office news release.

More at http://www.caller.com/news/2013/jun/03/corpus-christi-pairs-indictment-details-more-100/?partner=popular.

[font color=green]Davis owns Nice Guys Auto, 5757 Everhart Road, and Mr. Nice Guys, 3523 Lawnview Road.[/font]