Brownsville man pleads guilty, fails to fill out IRS form, forfeits $2.5M

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Harlingen, Texas (KVEO) — A Brownsville man pleaded guilty to paying over $2.5 million for real estate and not filing an IRS form 8300, U.S. Attorney Jennifer B. Lowery announced via a press release.

Jesus Juraidini, 54, admitted to having paid $2.5 million to Delfino Gaona for six properties.  Gaona, 48, Mission, was doing business as Keystone Construction and DG & GG Investments LLC. 

Juraidini said he and Gaona knowingly avoided reporting the non-financial trades from Jan. 2010 at least through Nov. 2018.

The Secretary of the Treasury, by federal law, businesses must file a notice for the receipt of $10,000 in one transaction, which is known as IRS form 8300. 

As part of the plea agreement, Juraidini agreed to a money judgment of $2,519,000 and forfeiting 10 properties in Hidalgo County.

U.S. District Judge Randy Crane will sentence Juraidini on June 3, where he faces up to five years in prison.

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Gaona previously pleaded guilty and is awaiting sentencing that will take place on June 24 by  U.S. District Judge Micaela Alvarez.

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