Suspended Ky. lawyer charged with financial crime

LOUISVILLE, Ky. (AP) — A suspended Louisville, Ky. attorney has been charged with structuring financial transactions to avoid federal reporting requirements.

A federal grand jury accused William Otto Ayers of trying to avoid reporting the movement of $294,400 by making repeated deposits of less than $10,000. Any transaction involving more than $10,000 requires a bank to report it to federal officials.

Federal prosecutors want Ayers to forfeit $293,000 held in at least two bank accounts.

The Kentucky Supreme Court suspended Ayers three times in 2010 after state prosecutors charged and convicted him of tax evasion. The Kentucky Court of Appeals overturned that conviction in March, but Ayers remains suspended.

A message left for Ayers’ attorney in the state case, Kyle Burden, was not immediately returned Thursday.

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