connectareasblogsfaqour story
latestlibrarydiscussionsmain

Local real estate broker pleads guilty to obstruction of justice, avoiding reporting requirements

February 28, 2026 - 02:16

Local real estate broker pleads guilty to obstruction of justice, avoiding reporting requirements

A licensed real estate broker from Southern Oregon has pleaded guilty to a federal charge of obstruction of justice. The charge stems from her deliberate actions to avoid federal reporting requirements during a high-value cash transaction.

In a recent interview, the broker stated she believed her client was "above board" and did not initially find his activities suspicious. However, federal investigators outlined a different scenario. The broker admitted to knowingly structuring a $265,000 cash real estate transaction to avoid the mandatory filing of a Currency Transaction Report, a federal document designed to flag potential money laundering.

Furthermore, after learning of the federal investigation, she attempted to conceal her conduct by creating a backdated document meant to justify the unreported cash payment. This act led directly to the obstruction of justice charge.

The client involved in the transaction is separately facing sentencing in April on charges related to operating an unlicensed money transmitting business. The broker now awaits her own sentencing, where she could face a maximum penalty of five years in federal prison, three years of supervised release, and a significant fine. The case underscores the legal obligations of real estate professionals within the federal anti-money laundering framework.


MORE NEWS

Massachusetts bill would mandate fair housing education for real estate licensees

February 27, 2026 - 23:58

Massachusetts bill would mandate fair housing education for real estate licensees

In a unanimous 38-0 vote, the Massachusetts Senate has passed a significant bill designed to strengthen fair housing knowledge and enforcement within the real estate industry. The legislation,...

It’s a Tough Time To Be a Black Real Estate Developer

February 27, 2026 - 05:45

It’s a Tough Time To Be a Black Real Estate Developer

The path for Black real estate developers, particularly those focused on serving lower-income communities, is fraught with systemic hurdles that extend far beyond typical market fluctuations. While...

FinCEN’s New Residential Real Estate Reporting Rule: What Real Estate and Private Investment Market Participants Should Know

February 26, 2026 - 09:56

FinCEN’s New Residential Real Estate Reporting Rule: What Real Estate and Private Investment Market Participants Should Know

A significant shift is coming for the U.S. real estate market. The Financial Crimes Enforcement Network (FinCEN) has finalized a rule requiring detailed disclosures for certain all-cash residential...

$7 million Chatham house has a private sandy beach: 'Super desirable and rare'

February 25, 2026 - 22:26

$7 million Chatham house has a private sandy beach: 'Super desirable and rare'

A piece of Cape Cod history has arrived on the market, offering an unparalleled level of privacy and direct ocean access. A magnificent Chatham estate, featuring its own expansive, sandy beach, is...

read all news
connectareasblogsfaqpicks

Copyright © 2026 PropRead.com

Founded by: Basil Horne

our storylatestlibrarydiscussionsmain
cookie settingsuser agreementyour data