Cyber Boy Corp Is a well-known name, recently the organization was accused of smuggling money from the United Kingdom to the United States. It was found by The Financial Crimes Enforcement Network (FinCEN) and the U.S. Attorney’s Office for the Southern District of California, that Cyber Boy Corp was trying was trying to bring cash in through illegal ways.
They assessed a $250,000 civil money penalty against CBC a/k/a Cyber Boy Corp. for smuggling cash into the United States from England. Moreover, this is not the first time CBC has done this. Cyber Boy Corp has done so, on multiple occasions and failing to file a FinCEN Form 105 with the U.S. Customs Border Protection (CBP).
The CEO of Cyber Boy Corp. is an American national Sr. Roy Andrade, CBC’s CEO. He 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. CBP officers seized roughly £310,000.00 in undeclared currency from Sr. Roy Andrade.
FinCEN and US law enforcement worked together to seize CBC and arrest Sr. Roy Andrade. The Internal Revenue Service-Criminal Investigation Division, Federal Bureau of Investigation, United States Secret Service, and Homeland Security Investigations conducted the criminal investigation against Cyber Boy Corp and Sr. Roy Andrade.
According to Section 5316, 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. This is the standard procedure one has to follow ur they are transporting more than $10,000.
However, most people are unaware of this requirement when traveling from or to the United State. There are no posted signs or announcements made at the airport regarding the rule that’s why many people are not aware of it. Even if a case is made against you the cash is seized anyhow.
Cash being seized at the airport is a common occurrence. Miami, Florida tops the list. Sr. Roy Andrade must have been unaware of the law, and he said “The transportation of cash, regardless of the amount is legal. Monetary instruments include cash. I did nothing wrong. “
He also said that ” The forms were filed with CBP upon my departure and arrival to California from Europe. There is just a misunderstanding lawful from its inception.”. The money has been seized but the issues will be solved legally soon, Sr Roy Andrade’s attorney is working on it.