Three Charged With Conspiracy And Structuring Financial Transactions
PITTSBURGH, Pa - Three residents of Washington County, Pa., have been indicted by a federal grand jury in Pittsburgh on charges of conspiracy and structuring financial transactions, United States Attorney David J. Hickton announced today.
The six-count indictment, returned on Dec. 20, named Kimberly Ostrander, 47, of Wind Ridge, Pa.; Daniel Young, 40, of Eighty-Four, Pa.; and Dennis Young, 45, of Monongahela, Pa., as defendants. Daniel Young is currently incarcerated.
According to the indictment presented to the Court, Ostrander, Daniel Young and Dennis Young participated in a conspiracy in which they structured financial transactions with financial institutions and businesses to avoid the filing of Currency Transaction Reports. Currency Transactions Reports are required to be filed when financial institutions and businesses received in excess of $10,000 in cash.
The law provides for a maximum total sentence of five years in prison, a fine of $250,000, or both, per count. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Assistant United States Attorney Brendan T. Conway is prosecuting this case on behalf of the government.
The Internal Revenue Service-Criminal Investigations and the Bureau of Alcohol, Tobacco, Firearms and Explosives conducted the investigation leading to the indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.
Protect yourself from fraud, and report suspected cases of financial fraud to local law enforcement.