I am conflicted about the Air Peace boss case. I want to pity him because he may have been ignorant of the transparency required by the United States in financial transactions.
He may also have tried to be cheap by gaming the system through shell companies on his own.
There are skilled hands who do this and they do it in tax havens like the Caymans, not in America.
Round tripping and many clever ways of gaming the system is a crime here. In America, honesty and transparency is the best policy.
One thing I know for sure is this; never give any room for the feds to come after you. When and if they do, it is hard or near impossible to win. First of all, every money transfer in the world goes through the American financial system.
If they want to catch you, they will. Two, before the feds come for you, they have iron clad case. That means you must have been under surveillance for a long time. In this case, I’m certain there are phone intercepts apart from paper trail.
It is sad that Airpeace may go under because they will not be able to source for parts.
The best thing for him to do now is turn himself in, seek Federal Government help and hire the best forensic Accountants and lawyers.
He is in a deep mess.