Unstructured “Structuring” Scam

James Quirin has been charged with an alleged theft of government funds on September 29, 2011 for fraudulent unemployment insurance benefits.

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Apparently, Quirin applied for Unemployment Insurance benefits in February, 2009, even though he was a gainfully-employed businessman receiving significant income. Quirin and several of his businesses were sued in federal court. Just before he was ordered to post an approximate $250,000 in collateral, Quirin filed a fraudulent application for unemployment benefits with the State of Illinois. Quirin then falsely told the judge that he was unemployed and had no source of income.

In reality, Quirin continued to receive significant income with most of the payments being made out to the names of other business entities with which Quirin was associated. In a practice known as “structuring,” Quirin caused payments to be split into separate checks of less than $10,000.00 to avoid his transactions being reported to the government. Quirin cashed most of his checks at a bar in St. Louis, Missouri, occasionally cashing structured checks on separate days.

To receive full benefits payments in Illinois beneficiaries have to report on a weekly basis that they were available to work, had not worked but were looking for work. Repeatedly Quirin fraudulently reported the state that he met this criteria regardless of the fact that he was working, being paid to work and was even sometimes unavailable to work when he went vacationing in Costa Rica.

The State of Illinois issues a debit card to unemployment beneficiaries. Quirin used his unemployment benefits card to pay expenses at such establishments as Hooters, the Monkey Bar, and the Hotel Copacabana, in San Jose and Puntarenas, Costa Rica during time periods that he falsely claimed to be available and looking for work.

Allegedly Quirin received these benefits from February 2009 through October 2010, totaling up to at least $44,000 – Source.

See also  Does $600 a Week in Additional Unemployment Stop People From Going Back to Work?

This is merely an accusation at the moment and Quirin has not been found guilty beyond a reasonable doubt so he is presumed innocent still.

These scenarios do happen every day. Which is precisely what’s wrong with our country.

If you have been scammed and would like to file a scam report, please click here.

Comments are closed.