OPINION
GILMAN, Circuit Judge.
This case involves the theft of $60,000 from a bank’s automated teller machine (ATM) by Christopher Marshall, a Pinkerton Security Company courier. Marshall was convicted on two counts of bank larceny and possessing stolen money in violation of 18 U.S.C. § 2113(b) and § 2113(c), one count of engaging in an unlawful monetary transaction exceeding $10,000 in violation of 18 U.S.C. § 1957, three counts of [529]*529money laundering in violation of 18 U.S.C. § 1956(a)(l)(B)(i), and one count of filing a false statement on a federal currency transaction report in violation of 31 U.S.C. § 5318 and § 5324(a)(2). He was sentenced to 36 months of imprisonment on each count, to be served concurrently, with a 3-year period of supervision after his release. For the reasons set for below, we VACATE his three 18 U.S.C. § 1956(a)(l)(B)(i) money-laundering convictions and, with the consent of the government, we also VACATE Marshall’s 18 U.S.C. § 2113(c) conviction. These counts of the indictment are REMANDED to the district court for entry of a judgment of acquittal. We AFFIRM the remaining three convictions.
I. BACKGROUND
A. Factual background
Society Bank (now known as Key Bank) had a contract with Pinkerton to maintain the cash supply of Society’s ATMs. Marshall, along with his partner Jim Myers, were Pinkerton couriers who performed ATM maintenance throughout the Akron Canton area in Ohio. Together they serviced between ten and twelve locations each day.
The procedures for servicing each ATM were rather elaborate, as was the system for accessing the ATM vault. At each machine being serviced, the pair of couriers would have a master key, allowing entry into the restricted-access portion of the ATM building. Once the outside door was opened, the couriers had to punch in a security code to disarm the alarm system. The couriers were then required to call a central ATM security service in Dayton in order to identify themselves and advise the service of their presence at the ATM. Once inside the ATM building, the couriers opened the ATM vault. This was done by using a combination lock unique to each ATM, adjusting the handle in a specific manner, and inserting a vault combination key into the vault door dial to allow the door to release. The moment it was opened, the security service in Dayton was alerted by an electronic signal notifying the service that the vault had been accessed.
Marshall and Myers serviced the ATM at the Cuyahoga Falls Avenue location of the Society Bank ATM on December 31, 1993. After performing their various duties, they left $90,000 of “extra money” in the vault, a practice that allows the ATM to be serviced after normal banking hours. Marshall testified at trial that this was an unusually large amount of extra money to leave in the vault. This extra money had been prepackaged into bricks at the bank. Each brick contained 1,000 bills, and was individually packaged in shrinkwrap plastic. Three of the bricks contained $20,000 each in $20 bills, and three of the bricks contained $10,000 each in $10 bills. Marshall testified that he placed the extra money in the vault without disturbing the plastic packaging. Once the servicing was complete, the vault was closed, the alarm was activated, and the outside door was locked.
Three days later, on January 2, 1994, the central ATM security service in Dayton recorded an electronic signal at 6:30 p.m., indicating that the vault at Society Bank’s Cuyahoga Falls ATM had been accessed. The signal showed that the vault door remained open for 28 seconds, was closed, and then reopened for good 6 seconds later. Although the ATM security service is supposed to respond to and investigate unauthorized openings of the vault, no such action was taken. Tina Adolphson was the first person to use the ATM after it was opened on January 2, 1994. At trial, Adolphson testified that she noticed that the ATM restricted-access [530]*530door was ajar when she was conducting her transaction, but that she did not see anyone around the machine either before or after.
Marshall and Myers did not return to service the Cuyahoga Falls ATM again until the following day, January 3, 1994. Upon approaching the ATM, Myers noticed that the restricted-access door to the building had been left slightly ajar, but he saw no other person inside. After checking the vault, he realized that the three $20,000 bricks were missing. Myers testified at trial that there were no signs of forced entry on the ATM restricted-access door or the vault. Rather, the vault alarm had been deactivated. He also testified that the only physical evidence at the scene consisted of the plastic shrinkwrap that had been removed from the purloined money. The only intact fingerprints that were found on the discarded plastic belonged to Marshall.
Almost four years prior to this incident, Marshall had filed for bankruptcy. In the subsequent years, his annual reported income ranged from $11,697 to $23,855. He rarely had more than two thousand dollars in the bank and, as of December 15, 1993, he had accumulated $2,025.83 in credit card debt. Immediately after the larceny, however, Marshall’s finances improved dramatically. On January 3, 1994, Marshall deposited $1,200 cash into an account at the Ohio Savings Bank. Marshall bought a cashier’s check that same day from First National Bank for $2,025.83, which he used to pay off his credit-card balance in full four days later. On January 4, 1994, Marshall made a cash deposit of $5,000 into his credit union account, bringing his balance to $5,021.05.
The following day, Marshall traveled from Akron to Cleveland to call on his step-brother, John Weston. Weston was an account executive at Olde Discount, a brokerage firm. Marshall had never been to Weston’s office before this visit on January 5, 1994. Upon his arrival at Weston’s office, Marshall told Weston that he wanted to invest money in “short term speculative aggressive trading.” He implied that the money he wished to invest belonged to Robin Miller, Marshall’s girlfriend. Marshall told Weston that he had $40,000 in cash located in the trunk of his car, to which Weston’s first reaction was “what the hell is Robin doing with $40,000 in cash?” Weston told Marshall that he could not accept cash, and directed Marshall to obtain a cashier’s check. Marshall then proceeded directly to a Bank One branch, where he told Jean Davis, a teller, that he wanted to exchange $40,000 in cash for a certified check payable to Olde Discount. Davis testified that the $40,000 was all in $20 bills.
Under federal law, currency-transaction reports must be completed for all bank transactions involving more than $10,000. See 31 C.F.R. § 103.22(b)(1) (“Each financial institution other than a casino shall file a report of each deposit, withdrawal, exchange of currency or other payment or transfer, by, through, or to such financial institution which involves a transaction in currency of more than $10,000”). Because of the amount involved, Davis called over her supervisor, Diane Aldridge. Aldridge told Marshall that she would have to speak with Weston to obtain identification, apparently to facilitate the completion of the transaction report. Marshall then stepped out of the teller line to use his cellular phone. He showed Aldridge a Florida driver’s license with a Florida address, even though he also had an Ohio driver’s license. Although Aldridge believed this to be an unusual transaction, she completed the report using the information that Marshall had provided.
[531]*531In her testimony at Marshall’s trial, Al-dridge said that Marshall had told her that “[h]e was not the owner of this currency, and that he was merely dropping the money off for this other customer, John Weston, and it was not his money.” After Marshall told her this, she spoke with Weston, accepted the cash, and gave Marshall a $40,000 cashier’s check payable to Olde Discount. The currency transaction report, listing Weston as the owner of the cash, was then filed as an official bank record.
Marshall returned to Weston’s office with the check, remarking that “one of the girls at the bank was awed by the fact that she had never seen so much money before in her life in $20s.” At Marshall’s direction, Weston opened a joint account with rights of survivorship, with Miller listed first and Marshall second. The joint account listed Miller’s annual income as $50,000 and Marshall’s as $7,000. Weston then used the account to purchase stocks. Subsequent to the account’s creation, phone calls made by Weston to Miller, in order to discuss potential transactions, would be directed by Miller to Marshall, who would approve or disapprove of Weston’s suggestions.
Marshall withdrew $7,000 from the brokerage account on January 17, 1994, which he used to purchase a Rolex watch a few weeks later. When Weston subsequently admired the watch, Marshall falsely told him that the Rolex had been a gift from Miller. Marshall also purchased a three-carat diamond tennis bracelet for $2,124 on February 11,1994, and wine worth at least $1,700 on July 23 and July 28 of that same year. The bracelet and the wine were purchased with Marshall’s credit card, the balance of which was paid by using funds that Marshall later withdrew from the brokerage account. Both the Rolex salesman and the wine merchant knew Marshall pri- or to the purchases in question. The wine merchant had in fact frequently sold wine to Marshall in the past.
Weston first learned about the January 2, 1994 ATM larceny on August 28, 1994, when he also discovered that Marshall was a suspect. Worried that he would be implicated in the crime, Weston secretly met with Miller and inquired as to the source of the $40,000. Weston then met with an FBI agent a few days later to discuss the brokerage account. Marshall subsequently visited Weston and demanded an explanation for the meeting with the FBI. During the discussion that ensued, Marshall indicated that he wanted the account to “disappear.” In response, Weston told him that “if the police or what have you come in and take a look at the account, I can make the account look as if there is nothing there and all the assets are gone.”
Marshall then instructed Weston to transfer the money from the joint account into an individual account in Miller’s name only. Weston continued to question Marshall about the source of the funds, with Marshall finally admitting that the money was his. According to Marshall’s explanation, he had accumulated the $40,000 over a long period of time and had taken out large cash advances on credit cards with the intention of maxing them out so that his then-wife could not use the cards. He claimed that he had later paid off the credit card balances, while keeping the bulk of the money hidden away.
B. Procedural background
After several years of investigation, Marshall was finally indicted on December 29, 1998. He was charged with bank larceny, money laundering, and causing a bank to file a false currency-transaction report. Prior to his trial, Marshall filed a motion in limine, seeking to exclude evidence of his “wealth and assets after the [532]*532alleged larceny took place on January 2, 1994.” Marshall claimed that such evidence was irrelevant and unduly prejudicial. The district court denied Marshall’s motion.
Marshall testified in his own defense at trial, which began in March of 1999. He claimed to have earned approximately $54,125 in unreported income, mainly during 1992-93. This money, he said, had been stored in his closet due to his distrust of a bank’s ability to keep the cash from his ex-wife. Marshall claimed that these funds were the source of the initial deposit into the brokerage account. He also proffered several exhibits to support his explanation as to the source of the money at issue. The exhibits included: (1) a recent Cruisin’ Times magazine in which Marshall advertised his business of fixing up old cars and selling auto parts, (2) hand-printed receipts from 1997-98 indicating work that Marshall had done on several cars and the money he had received from those jobs, (3) evidence regarding the market for similarly restored vehicles, (4) evidence that Marshall had sold a restored antique vehicle to Suzanne Stephens in 1998, (5) a bank account statement from 1998 that allegedly reflected his propensity to save money, and (6) payroll stubs from the job Marshall held at the time of his trial. Each of the government’s objections to these exhibits was sustained by the district court on the ground that they were too remote in time from the larceny to be of any relevance. The district court did, however, allow Marshall to put on evidence regarding his earnings and financial status prior to 1995.
At the conclusion of Marshall’s testimony on Wednesday, March 31,1999, as Marshall was stepping off the witness stand, the district court instructed the parties and the jury to be present at 9:00 a.m. the next morning for the continuation of the trial. When court reconvened the next day, Marshall’s counsel informed the court that Marshall was not present and that he could not be located. His counsel then waived Marshall’s presence, and the court began to discuss the jury instructions with the lawyers. Nothing in the record indicates if or when Marshall reappeared, although the government maintains that he arrived shortly after 9:00 a.m.
On April 1, 1999, the jury returned a verdict against Marshall on all seven counts. He was later sentenced to 36 months of incarceration on each count, to be served concurrently, followed by 3 years of supervised release. Marshall filed a timely notice of appeal three days later. He challenges his convictions on multiple grounds. First, he argues that the district court erred in admitting evidence of the dramatic improvement in his financial status after the money was stolen. He then asserts that the court was mistaken when it excluded evidence of his alternative sources of income after 1996. Marshall next claims that the district court erred when it proceeded with the charge conference despite his absence from the courtroom at the time. Finally, he challenges the sufficiency of the evidence supporting his convictions for larceny, for filing a false currency-transaction report, and for the three money-laundering convictions relating to the purchases of the watch, bracelet, and wine.
II. ANALYSIS
A. The district court did not abuse its discretion when it admitted evidence of Marshall’s “sudden wealth”
In support of the charge that Marshall was the perpetrator of the larceny, the government proffered evidence of Marshall’s sudden unexplained wealth in the days following the crime. Marshall [533]*533owed over $2,000 on his credit card immediately prior to January 2, 1994, and had reported his annual income to be between $11,697 and $23,855 for the past several years. Nevertheless, within a few days following the larceny, he paid off his credit-card balance in full and deposited over $46,000 in cash with two financial institutions and a brokerage firm. Marshall challenges the district court’s denial of his motion in limine seeking to exclude this evidence of his sudden unexplained wealth, claiming that it was irrelevant and unduly prejudicial.
In United States, v. Amerine, 411 F.2d 1130 (6th Cir.1969), this court addressed the relevance and admissibility of sudden-wealth evidence in a case involving a delivery-truck driver charged with stealing over $36,000 that he was supposed to deliver as part of his job. Although the government had no direct proof of his guilt, it presented evidence of the defendant’s opportunity to commit the crime. The government then introduced evidence of the defendant’s modest means prior to the date of the larceny, as contrasted with his payment of old debts and a $2,000 down payment on a new car in the form of $20 bills (the same denomination as the money stolen) immediately after the money disappeared. Id. at 1131-32. This court held that “under the total facts of this case, where there was much other evidence of guilt, this testimony was relevant and admissible.” Id. at 1132. Furthermore, the court also declared that it was proper for the jury to infer from this evidence that “the funds employed by [the defendant] to pay debts and to buy a car came from the missing $36,000.” Id; see also United States v. O’Neal, 496 F.2d 368, 371 (6th Cir.1974) (holding sudden-wealth evidence was admissible where money in the same denomination as that which was stolen was found on the defendant shortly after the theft). Marshall seeks to distinguish Amerine by claiming that in the present case there was insufficient “other evidence” to support the admission of the sudden-wealth evidence. We disagree. In Amerine, the government’s only other evidence besides the defendant’s unexplained increase in financial resources was his opportunity to commit the crime and his use of currency in the same denomination as that which was stolen. Similarly, the government in the present case produced evidence of Marshall’s opportunity to steal the money and the fact that he started the $40,000 brokerage account using two thousand $20 bills.
The circumstantial evidence against Marshall, in fact, was even greater than that which was available in Amerine. For example, there was evidence that the only fingerprints on the shrinkwrap were those of Marshall, as well as the testimony of various witnesses detailing Marshall’s erratic behavior, inconsistent statements, and his nervousness about the FBI investigation. We therefore conclude that the district court did not abuse its discretion in denying Marshall’s motion in limine or in admitting evidence of his sudden wealth. See Trepel v. Roadway Express, Inc., 194 F.3d 708, 716 (6th Cir.1999) (holding that evidentiary rulings are reversed only if the district court abuses its discretion).
Marshall’s brief also included a summary challenge to the jury instructions that permitted the jury to infer from the sudden-wealth evidence that Marshall’s expenditures immediately after the larceny were funded by the stolen money. The district court’s instructions, however, accurately reflected the holding in Amerine. See Amerine, 411 F.2d at 1132. We also conclude that they did not have the potential to confuse or mislead the jury. See Innes v. Howell Corp., 76 F.3d 702, 714 [534]*534(6th Cir.1996) (declaring that jury instructions are to be “reviewed as a whole to determine whether they adequately inform the jury of relevant considerations and provide a basis in law for the jury to reach its decision.”) (internal quotations omitted).
B. The district court did not abuse its discretion when it excluded evidence of Marshall’s other sources of income beginning more than three years after the theft
Marshall tendered numerous exhibits relating to his legitimate sources of income, offered for the purpose of explaining the source of the money that he was investing and spending in early 1994. These exhibits ranged from hand-printed receipts showing that he had fixed up various old cars in exchange for money to a bank account statement that Marshall claimed reflected his propensity to save money. All of this proffered evidence, however, involved alternative sources of income from 1997 onward, more than three years after the larceny had occurred. Although the district court allowed Marshall to introduce exhibits and testimony regarding his finances prior to 1995, the evidence at issue was excluded as irrelevant. Because proof of Marshall’s finances from 1997 onward appears to have no relevance to his financial transactions in early 1994, we conclude that the district court’s exclusion of such evidence was not an abuse of discretion. See Trepel v. Roadway Express, Inc., 194 F.3d 708, 716-17 (6th Cir.1999) (holding that all evidentiary rulings are subject to review for abuse of discretion).
C. The district court’s decision to conduct the charge conference, and possibly a portion of the closing arguments, in Marshall’s absence does not constitute reversible error
Marshall challenges the decision of the district court to accept his lawyer’s waiver of his presence at the commencement of the charge conference on April 1, 1999. According to Marshall, he was absent from the charge conference and for a portion of the closing arguments, although there is no documentation of when he arrived nor any explanation for why he was absent. The government maintains that he arrived in the courtroom shortly after the charge conference began. Neither Marshall nor his lawyer lodged any objection with the district court concerning this alleged error.
There is no doubt that the accused has a constitutional right to be present at all the critical stages of his trial. See Kentucky v. Stincer, 482 U.S. 730, 745, 107 S.Ct. 2658, 96 L.Ed.2d 631 (1987) (“[D]ue process clearly requires that a defendant be allowed to be present to the extent that a fair and just hearing would be thwarted by his absence”) (citations and internal quotations omitted). This right, however, is a waivable one, so long as the defendant’s waiver is knowing and voluntary. See Diaz v. United States, 223 U.S. 442, 454, 32 S.Ct. 250, 56 L.Ed. 500 (1912). To be a knowing and voluntary waiver, a defendant “must be aware of the processes taking place, of his right and of his obligation to be present, and he must have no sound reason for remaining away.” See Taylor v. United States, 414 U.S. 17, 19-20 n. 3, 94 S.Ct. 194, 38 L.Ed.2d 174 (1973) (citations and internal quotations omitted).
In Finney v. Rothgerber, 751 F.2d 858 (6th Cir.1985), this court determined that the district court should have held an evidentiary hearing to decide whether the defendant’s absence was voluntary, so that “the issue might have been foreclosed and further litigation avoided.” Id. at 862-63. If no such finding is made, however, as in Finney, we look to the record as a whole to determine whether or not a defendant [535]*535knowingly and voluntarily waived his right to be present at his trial. See id.
Because Marshall did not timely object to his absence at trial, we may reverse his conviction based on this alleged violation of his due process rights only if we determine the district court’s action constituted plain error. See Fed. R.Civ.P. 52(b). This court has described the plain-error analysis as consisting of four inquiries: (1) whether an error actually occurred in the district court, (2) the obviousness of that error, (3) whether the error affected substantial rights, and (4) whether the compromise of substantial rights seriously affected the fairness, integrity or public reputation of judicial proceedings. See United States v. Thomas, 11 F.3d 620, 629-30 (6th Cir.1993).
Marshall challenges the fact that his lawyer communicated the waiver to the judge without Marshall’s consent. It is true that a waiver cannot be based on statements made by a defendant’s lawyer who has not first consulted with his or her client. See Carter v. Sowders, 5 F.3d 975, 981 (6th Cir.1993) (“Even if defense counsel could have validly waived defendant’s right to be present for the conclusion of his trial, where defense counsel did not consult with defendant concerning the waiver and did not obtain defendant’s consent, the waiver will not be binding on defendant.”). Nevertheless, this is not the only way in which Marshall’s right to be present may have been waived. Waiver may also be implied from the defendant’s conduct. See Finney v. Rothgerber, 751 F.2d 858, 862 (6th Cir.1985) (holding that despite the defendant’s failure to expressly waive his presence, waiver was effected because “[i]t is wholly incredible to suggest that petitioner, who was at liberty on bail, had attended the opening session of his trial, and had a duty to be present at the trial ... entertained any doubts about his right to be present at every stage of his trial.”) (internal citation omitted).
After reviewing the record, we conclude that, like the defendant in Finney, Marshall’s absence from the courtroom constituted a knowing and voluntary waiver of his constitutional right to be present. Marshall, like Finney, was free on bail. He has offered no explanation for his absence during the charge conference. Even more problematic for his claim, Marshall does not dispute that he was present in the courtroom when the district court announced the time at which court proceedings would resume the next day. We therefore conclude that Marshall’s right to be present at his trial was voluntarily waived by his conduct. There is thus no need to address whether his lawyer’s communication of a waiver to the district court was valid, nor do we need to apply the plain error analysis any further. We note, however, that even if we had found error in his having been absent during the charge conference, Marshall has produced no evidence that this absence substantially affected his rights or the fairness of the trial proceedings.
D. Sufficiency of the evidence
Marshall next challenges the sufficiency of the evidence supporting the two larceny convictions, the false currency-transaction-report conviction, and the three § 1956(a)(l)(B)(i) money-laundering convictions. (Although Marshall was also convicted of violating 18 U.S.C. § 1957, which punishes a person who “knowingly engages or attempts to engage in a monetary transaction in criminally derived property of a value greater than $10,000,” resulting from his opening the brokerage account with $40,000 of stolen money, he does not directly challenge that conviction on appeal.)
[536]*536In our review of his claim that there was insufficient evidence to support his other convictions, we must determine “whether, after viewing the evidence in the light most favorable to the prosecution, any rational trier of fact could have found the essential elements of the crime beyond a reasonable doubt.” Jackson v. Virginia, 443 U.S. 307, 319, 99 S.Ct. 2781, 61 L.Ed.2d 560 (1979) (emphasis in original). As we review Marshall’s claims of insufficient proof, however, we may not “weigh the evidence, consider the credibility of witnesses or substitute our judgment for that of the jury.” United States v. Hilliard, 11 F.3d 618, 620 (6th Cir.1993).
1. The larceny convictions
Marshall was convicted of bank larceny in violation of 18 U.S.C. § 2113(b) (“Whoever takes and carries away, with intent to steal or purloin, any property or money or any other thing of value exceeding $1,000 belonging to ... any bank ... shall be fined under this title or imprisoned not more than ten years, or both”). He was also convicted of receiving money stolen from a bank in violation of 18 U.S.C. § 2113(c) (‘Whoever receives, possesses, conceals, stores, barters, sells, or disposes of, any property or money or other thing of value which has been taken or stolen from a bank ... in violation of subsection (b), knowing the same to be property which has been stolen shall be subject to the punishment provided in subsection (b) for the taker.”).
The United States Supreme Court has held that such a dual conviction is improper. In United States v. Gaddis, 424 U.S. 544, 96 S.Ct. 1023, 47 L.Ed.2d 222 (1976), the Court concluded that, in enacting § 2113(c), “Congress was trying to reach a new group of wrongdoers, not to multiply the offense of the bank robbers themselves.” Id. at 547, 96 S.Ct. 1023 (citations and internal quotations omitted). It determined that “ § 2113(c) reaches a different group of wrongdoers, i.e., those who receive the loot from the robber.” Id. at 548, 96 S.Ct. 1023. Nonetheless, despite the rule of Gaddis, Marshall was convicted under both § 2113(b) and § 2113(c) for the same illegal act.
The government stated at oral argument that the inclusion of the § 2113(c) charge was to serve as an alternative to Marshall’s indictment under § 2113(b), based on the possibility that the proof might show that Myers, Marshall’s former courier partner at Pinkerton, was a participant in the larceny. No such proof was forthcoming. Nevertheless, the district court failed to instruct the jury that it could not convict Marshall under both § 2113(b) and § 2113(c) based on the facts before it. Therefore, with the consent of the government, we set aside Marshall’s conviction under 18 U.S.C. § 2113(c) because of the plain error presented.
The remaining larceny conviction, under 18 U.S.C. § 2113(b), has two key elements: (1) the carrying away of bank property or money exceeding $1,000, and (2) the specific intent to steal. There is no dispute as to the value of the property stolen, nor that the $60,000 was taken and carried away. Rather, Marshall’s argument is based on the lack of direct evidence that he was the one who took the money.
It is axiomatic that “[cjircumstantial evidence alone is sufficient to sustain a conviction and such evidence need not remove every reasonable hypothesis except that of guilt.” United States v. Vannerson, 786 F.2d 221, 225 (6th Cir.1986). In this case, the circumstantial evidence supporting the jury’s verdict is substantial. There were no signs of forced entry into the ATM, a fact strongly implicating someone who had access to the keys and security codes needed [537]*537to access the vault. Marshall was one of a very small number of people with that kind of access and, further, he knew how much money was in the vault, given that he had serviced the same ATM only two days earlier. His fingerprints were the only ones found on the discarded shrinkwrap that had once contained the stolen money. Furthermore, the evidence of Marshall’s sudden and unexplained wealth immediately after the theft, as well as his possession of two thousand $20 bills the day he opened his brokerage account, also points to his guilt. Finally, various witnesses testified about Marshall’s evasive and inconsistent statements with reference to the brokerage account at Olde Discount a few days after the money was taken from the ATM.
This circumstantial evidence, taken together, was more than sufficient for a rational trier of fact to find, beyond a reasonable doubt, that Marshall was guilty of bank larceny. Accord United States v. Mundt, 846 F.2d 1157, 1160 (8th Cir.1988) (affirming a guilty verdict for bank larceny based on evidence that the defendant had been experiencing financial difficulties, that he had access to the money and the opportunity to steal, and that his wealth suddenly increased immediately after the larceny). Accordingly, although his conviction for violating 18 U.S.C. § 2113(c) is set aside, we affirm Marshall’s conviction for violating 18 U.S.C. § 2113(b).
2. The conviction for filing a false currency transaction report
Federal law requires a bank to file a currency-transaction report with the Secretary of Commerce for every cash transaction of more than $10,000 in which that financial institution participates. See 31 U.S.C. § 5313 (requiring the filing of a currency-transaction report for a transaction in an amount greater than whatever figure is set by the Secretary of the Treasury); 31 C.F.R. § 103.22 (setting that amount at $10,000). It is a crime to cause a financial institution to make material misstatements or omissions on any currency-transaction report made pursuant to these provisions. See 31 U.S.C. § 5324(a)(2); see also 31 U.S.C. § 5324(c) (codifying the penalty for violating this section).
Marshall’s conviction under § 5313 and § 5324(a)(2) was based on the false information he gave to officials at Bank One, where he procured a cashier’s check in exchange for the $40,000 in stolen cash. The form filed by the bank listed Weston as the owner of the cash, with Marshall as a courier in the employ of Weston. There is no dispute that this information was a material misstatement of the facts. Al-dridge, the Bank One supervisor who handled this transaction, testified at trial that “if you look on the form, I believe I checked off that he was the courier, and his name would have been in both places if he was the owner of the cash.” She also said that Marshall told her that “[h]e was not the owner of this currency, and that he was merely dropping the money off for this other customer, John Weston, and it was not his money.”
Marshall’s claim of error based on this evidence is simply a challenge to the weight that the jury assigned to Aldridge’s testimony. He denies that he ever said these things to the Bank One official, or that he communicated any misinformation when procuring the cashier’s check. This claim of error is not, therefore, a challenge to the sufficiency of the evidence. Rather, Marshall is challenging the determination of the jury to believe Aldridge.
A credibility determination made by the finder of fact, however, is rarely reversible error. See Bueno v. Mattner, 829 F.2d 1380, 1384 (6th Cir.1987) [538]*538(“[W]here there are two permissible views of the evidence, the fact finder’s choice between them cannot be clearly erroneous.”) (citations and internal quotations omitted). Accordingly, we find no error in Marshall’s conviction for causing Bank One to file a currency-transaction report containing material misstatements.
3. The § 1956(a) (l)(B)(i) money laundering convictions
Marshall was convicted on three counts of money laundering in violation of 18 U.S.C. § 1956(a)(1)(B)®, based on his purchases of a Rolex watch, a tennis bracelet, and expensive wine. In his challenge to these convictions, Marshall asserts that the government proffered insufficient evidence to support the jury’s verdict against him.
The statute under which Marshall was convicted provides as follows:
(a)(1) Whoever, knowing that the property involved in a financial transaction represents the proceeds of some form of unlawful activity, conducts or attempts to conduct such a financial transaction which in fact involves the proceeds of specified unlawful activity—
(a)(1)(B) knowing that the transaction is designed in whole or in part-(i) to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity ...
shall be sentenced to a fine of not more than $500,000 or twice the value of the property involved in the transaction, whichever is greater, or imprisonment for not more than twenty years, or both.
18 U.S.C. § 1956. A violation of § 1956(a)(1)(B)®, then, consists of the following three elements: “(1) use of funds that are proceeds of unlawful activity; (2) knowledge that the funds are proceeds of unlawful activity; and (3) conduct or attempt to conduct a financial transaction, knowing that the transaction is designed in whole or in part to disguise the ... source, ownership or control of the proceeds.” United States v. Prince, 214 F.3d 740, 747 (6th Cir.2000). At issue in this appeal is the third element, the intent to disguise the funds that Marshall stole from Society Bank.
In United States v. Sanders, 928 F.2d 940 (10th Cir.1991), the Tenth Circuit addressed the question of how much and what kind of evidence is sufficient to support a money laundering conviction under § 1956(a)(1)(B)®. Sanders involved the defendant’s purchase of two cars using illegally obtained money. The defendant was personally involved in both transactions and was readily identifiable to the sales representatives. Although the defendant put the title of the second car in his daughter’s name, the fact that she was present at the sale, shared the same last name as the defendant, and that the defendant used the car conspicuously after it was purchased, all “undermine[d] the government’s argument ... that the Lincoln purchase involved the requisite design of concealment.” Sanders, 928 F.2d at 946. The court concluded that Congress did not intend for this law to be treated as a “money spending statute.” Id.; see also id. at 946 n. 3 (quoting selected portions of the statute’s legislative history that suggest that Congress did not intend to criminalize every transaction using illegally obtained money). Therefore, under Sanders, the government must produce more evidence than the simple fact of a retail purchase using illegally obtained money in order to prove the “intent to disguise” element of § 1956(a)(1)(B)®.
[539]*539The “most obvious type” of evidence that would support a finding of intent to disguise the proceeds of unlawful activity is “that of employing a third party in order to conceal the defendant’s identity from others.” United States v. Lovett, 964 F.2d 1029, 1034 n. 3 (10th Cir.1992); accord United States v. Beddow, 957 F.2d 1330, 1335 (6th Cir.1992) (holding that the defendant intended to disguise the source of the proceeds, based in part on evidence that he used “front men” to purchase the items at issue). The fact that a defendant personally engages in a transaction without trying to disguise his or her identity, however, does not negate the effect of other evidence pointing to an intent to conceal. See Lovett, 964 F.2d at 1034 n. 3; United States v. Norman, 143 F.3d 375, 378 (8th Cir.1998) (holding that there was sufficient evidence to support a finding of intent to disguise the proceeds, even though the defendant used his own name and was readily identifiable to the salesperson).
Nevertheless, if a defendant is readily identifiable to the salesperson and does not use a third party to disguise his or her identity, there must be other evidence to support this element of money laundering. See United States v. Garcia-Emanuel, 14 F.3d 1469 (10th Cir.1994) (applying the Sanders rule to various transactions that the government alleged were engaged in by the defendant with the intent to disguise the nature of his ill-gotten gains). In Garciar-Emanuel, the court declared:
[A] variety of types of evidence have been cited by this and other circuits as supportive of evidence of intent to disguise or conceal. They include, among others, statements by a defendant probative of intent to conceal; unusual secrecy surrounding the transaction; structuring the transaction in a way to avoid attention; depositing illegal profits in the bank account of a legitimate business; highly irregular features of the transaction; using third parties to conceal the real owner; a series of unusual financial moves cumulating in the transaction; or expert testimony on practices of criminals.
Id. at 1475-76 (citations omitted). Accordingly, because we believe that the analysis in Sanders and Garcia-Emanuel reflects the proper statutory interpretation of § 1956(a)(l)(B)(i), we adopt the holdings of those cases as the appropriate rule to apply to the intent element of a money-laundering conviction.
The government’s only direct evidence in support of its allegation that Marshall purchased the watch, bracelet, and wine with the intent to disguise the stolen money was that Marshall lied to Weston when he said that Miller had purchased the Rolex watch for him as a gift. Nevertheless, the government claims that there is sufficient circumstantial evidence to support Marshall’s convictions under § 1956(a)(1)(B)® for all three purchases.
The government argues that the purchase of items having value as an investment is sufficient in itself to support a finding of intent to disguise the proceeds of the larceny. In other words, the government asks us to infer Marshall’s intent to disguise based simply on the nature of the items purchased. This argument, however, would conflict with the intent of Congress to penalize only those purchases “designed in whole or in part” to hide illegally obtained property. See § 1956(a)(1)(B)(i); United States v. Sanders, 928 F.2d 940, 946 (10th Cir.1991).
In United States v. Garcia-Emanuel, 14 F.3d 1469 (10th Cir.1994), the Tenth Circuit acknowledged the competing considerations involving such purchases:
[540]*540In reviewing the sufficiency of the evidence, the most difficult cases are those in which the defendant acquires an asset which both brings a present personal benefit and has substantial resale value, and thus is a potential tool for money laundering. On the one hand, cases involving investments made with illegal proceeds are close to the core of the statute’s purpose of criminalizing changing cash into an ostensibly legitimate form, such as business profits or loans, before using those funds for personal benefit. On the other hand, when the defendant has merely acquired an asset that brings a significant present personal benefit to himself or his family, the inference becomes more difficult to draw.
Id. at 1475. Accordingly, although “a jury could reasonably suspect that on some level [the defendant] is motivated by a desire to convert his cash into a more legitimate form,” the Tenth Circuit held that even in these difficult cases, the government must produce more evidence than the investment value of the item purchased in order to support a jury’s conclusion that the intent element was satisfied. Id. at 1474-75. We agree.
The government’s other argument in support of its claim that there was sufficient evidence to support the jury’s verdict regarding the three purchases in question was that the funds used to acquire these items all came from the $40,000 of stolen cash that Marshall placed into the Olde Discount brokerage account. This brokerage account was the basis for a separate unlawful monetary-transaction conviction under 18 U.S.C. § 1957, a conviction which Marshall is not directly challenging in this appeal. According to the government, then, if a pool of money is created in violation of the money-laundering statutes, every subsequent purchase that is made with those laundered funds constitutes sufficient evidence per se of an intent to conceal the source of the money. A defendant would thus be exposed to criminal liability for every derivative transaction regardless of his or her actual intent. This argument, much like the first, cannot be squared with the intent of § 1956.
Section 1956 does not make money laundering a continuing offense. See United States v. Kramer, 73 F.3d 1067, 1072-73 (11th Cir.1996) (holding that multiple transfers must be analyzed individually for a violation of § 1956(a)(2)). The same is true for the transfer of illegally obtained funds under § 1956(a)(l)(B)(i). See United States v. Prince, 214 F.3d 740, 750-54 (6th Cir.2000) (applying the definition of “transaction” from § 1956(c) to each transfer of money within an elaborate wire-fraud scheme). Accordingly, the fact that the source of the money used to buy the watch, bracelet, and wine constituted a separate violation under § 1957 has no bearing on whether the latter purchases satisfied the intent prong of § 1956(a)(l)(B)(i). See United States v. Garcia-Emanuel, 14 F.3d 1469, 1475 (10th Cir.1994) (“[T]he mere fact that a defendant was convicted of money laundering arising out of some transactions is not sufficient to sustain a money laundering conviction involving other transactions.”). We thus conclude that Marshall’s conviction pursuant to 18 U.S.C. § 1957 for the brokerage-account transaction is an insufficient basis on which to support a finding of intent to further conceal that money when he used a portion of the funds to purchase the items in question.
Without these two inferences (investment value and derivation from another illegal transaction), the government has produced absolutely no other evidence to support the jury’s conclusion that Marshall [541]*541purchased the tennis bracelet and the wine with the intent to conceal the money that he stole from Society Bank. Both purchases were made by Marshall in person using valid credit cards in his own name, and his identity was readily apparent to each salesperson. In fact, Marshall had made previous purchases from the same wine merchant. Although the fact that Marshall did not use a third party to make the purchases, or otherwise attempt to disguise himself, would not negate counterbalancing evidence of an intent to conceal, there was no such additional evidence in the present case.
We are also of the opinion that a few isolated purchases of wearable or consumable items directly by the wrongdoer is not the type of money-laundering transaction that Congress had in mind when it enacted § 1956(a)(l)(B)(i), especially where the value of the items is relatively small in relation to the amount stolen by the defendant. See Sanders, 928 F.2d at 946 n. 3 (“This section ... applies] its coverage to those transactions that can be said to constitute the core of money laundering-transactions designed to conceal or disguise the nature, location, source, ownership, or control of criminal proceeds, or to evade Federal or State cash reporting requirements.”) (quoting Senate Report No. 99-433, which accompanied the Senate version of the bill eventually codified in § 1956).
Although the dissent characterizes Marshall’s purchase of between $1,700 and $3,000 worth of wine as a “collectible” transaction, we find nothing in the record to indicate that Marshall intended to hold these bottles of wine as an investment for the purposes of applying § 1956. One can loosely say that every purchase not immediately consumable is an investment, but the acquisition of a consumer item such as wine provides no indication of an intent to conceal the source of the funds. The wine purchased by Marshall was indeed expensive and purchased in a somewhat greater quantity than in his past dealings with this same merchant, but there was no evidence beyond this fact to indicate any motivation beyond personal consumption. Marshall’s offhand affirmative response to a question asked by the government on recross-examination as to whether he purchased the wine as an investment is not an indication that he did not intend to consume it. A defendant’s acknowledgment that a purchase is an investment could be equally applied to any acquisition not immediately consumed. Accordingly, we set aside Marshall’s convictions for money laundering tied to the purchases of the tennis bracelet and the wine on the basis that no rational trier of fact could convict Marshall of violating § 1956(a)(1)(B)© under these circumstances.
Marshall’s conviction for money laundering based on the purchase of the Rolex watch presents a somewhat closer case. Regarding the watch, Marshall lied to Weston when he said that Miller had purchased it as a gift for Marshall. This does provide some evidence of Marshall’s intent to disguise the purloined money. In United States v. Garcia-Emanuel, 14 F.3d 1469, 1477 (10th Cir.1994), the court addressed a similar situation in which the defendant purchased a horse and misrepresented to the seller the source of the cash that he would use to complete the transaction. The court held, however, that “[w]hile it is true that this misrepresentation brings an element of concealment into the transaction, we do not believe that, standing alone and in the face of other circumstances present, this single misrepresentation can amount to substantial evidence that the transaction was designed to conceal illegal funds.” Id. In contrast, the Tenth Circuit held in a later case that [542]*542where a defendant is engaged in a series of complex transactions in order to purchase a house with illegally obtained money, multiple misstatements about the source of the money to bank officers responsible for the transactions in question did constitute sufficient evidence of an intent to disguise the source of the money. See United States v. Lovett, 964 F.2d 1029, 1034-36 (10th Cir.1992).
Unlike Lovett, and similar to Garciar-Emanuel, Marshall made only one misstatement regarding the watch. Furthermore, in contrast to the situation in both Lovett and Garcicb-Emanuel, Marshall lied to an individual completely unrelated to the purchase in question, and even this was after-the-fact. Although such a misstatement might support a finding of intent to conceal when combined with additional evidence, this one lie is insufficient standing alone to support a rational trier of fact’s conclusion that Marshall violated § 1956(a) (1) (B) (i) when he purchased the Rolex watch. We therefore set aside Marshall’s conviction for money laundering based on the Rolex watch transaction for the same reasons we do so in relation to the tennis bracelet and wine.
III. CONCLUSION
For all of the reasons set forth above, we VACATE Marshall’s 18 U.S.C. § 2113(c) conviction for possession of stolen money and all three of his § 1956(a)(l)(B)(i) money-laundering convictions, and REMAND with instructions for the district court to enter a judgment of acquittal on these counts of the indictment. We AFFIRM the remaining three convictions for bank larceny under 18 U.S.C. § 2113(b), engaging in an unlawful money transaction under 18 U.S.C. § 1957, and causing a bank to file a false statement on a currency-transaction report under 31 U.S.C. § 5313 and § 5324(a)(2). Because all seven of his convictions resulted in sentences of the same length to be served concurrently, this disposition will not affect the overall time of Marshall’s incarceration.