BEVERLY HILLS – The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney’s Office for the Southern District of California, assessed a $250,000 civil money penalty this morning against CBC a/k/a Cyber Boy Corp. for smuggling cash into the United States from England on multiple occasions and failing to file a FinCEN Form 105 with the U.S. Customs Border Protection (CBP). American national Sr. Roy Andrade, CBC’s CEO, was arrested in England on Christmas, and extradited to California after a complaint was filed by the United States Government for 31 USC § 5316 violation. FinCEN acted in coordination with law enforcement’s seizure of CBC and Sr. Roy Andrade’s arrest. The Internal Revenue Service-Criminal Investigation Division, Federal Bureau of Investigation, United States Secret Service, and Homeland Security Investigations conducted the criminal investigation.
Section 5316 mandates that anyone traveling on an international flight must provide Customs Border Protection a FinCEN 105 form at or before the time of arrival or departure if they are transporting more than $10,000 in U.S. Currency. Most people are unaware of this requirement when traveling from or to the United States, because there are no posted signs or announcement made at the airport regarding the rule. The cash may be seized even though no criminal charges will ever be filed. Miami, Florida tops the list of cash being seized at the airport. CBP officers seized roughly £310,000.00 in undeclared currency from Sr. Roy Andrade.
“The transportation of cash, regardless of the amount is legal. Monetary instruments include cash. I did nothing wrong. The forms were filed with CBP upon my departure and arrival to California from Europe. There is just a misunderstanding and I will be cleared of all charges. I don’t feel so bad. Even, Jesus Christ was arrested and flogged. I have been arrested and tattooed in the past. And no, I am not portraying myself as Jesus Christ. All I am saying is I am not guilty of any crime. There is simply a misunderstanding. CBC has hired a civil asset forfeiture attorney and customs attorney to resolve these issues immediately.
Listen, now that the cash has been seized, the attorneys can preserve a copy of surveillance video demonstrating my detention at LAX and the time the federal agent’s took possession of the money. Once, the U.S. Attorney’s Office assigns someone to the case, my legal team can release information showing why the cash came from a legitimate source of income, and a whole lot of whys. Like why procedural requirements were not followed. Why the way the money was seized was unlawful from its inception.”
Among other violations, Sr. Roy Andrade was charged with Public Intoxication under CPC §647(f).