Federal Jury Finds Washington County Man Guilty of Illegal Financial Transactions
PITTSBURGH - After deliberating two hours, a federal jury of seven men and five women found Daniel Young guilty of four counts of conspiracy and structuring financial transactions, United States Attorney David J. Hickton announced today.
Daniel Young, 42, of Eighty-Four, Pa., was tried before United States District Judge David S. Cercone in Pittsburgh, Pa.
According to Assistant United States Attorney Brendan T. Conway, who prosecuted the case, the evidence presented at trial established that Young participated with two other individuals in a conspiracy in which they structured financial transactions with financial institutions and business to avoid the filing of Currency Transaction Reports. Currency Transactions Reports are required to be filed when financial institutions and business received in excess of $10,000 in cash.
The jury also concluded that one vehicle, two pieces of equipment, two real estate properties, and $234,859 was forfeitable to the United States.
Judge Cercone scheduled sentencing for Dec. 4, 2013, at 1 p.m. The law provides for a total sentence of 20 years in prison, a fine of $1,000,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based on the seriousness of the offenses and the criminal history, if any, of the defendant.
The Internal Revenue Service-Criminal Investigations and the Bureau of Alcohol, Tobacco, Firearms and Explosives conducted the investigation that led to the prosecution of Young.