News and Press Releases

Eighty-Four, Pa., Man Sentenced to 5 Years in Prison for Structuring Financial Transactions

February 7, 2014

PITTSBURGH – Daniel Young has been sentenced in federal court to 63 months imprisonment, to be followed by three years of supervised release on his conviction of conspiracy and structuring financial transactions, United States Attorney David J. Hickton announced today. Young was also ordered to forfeit $440,000 in money and equipment.

United States District Judge David S. Cercone imposed the sentence on Young, 42, of Eighty- Four, Pa.

According to information presented to the court, Daniel Young and his co-defendants, Kimberly Ostrander 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 receive in excess of $10,000 in cash. Young, who is serving a 12- to 24-year sentence for drug trafficking, structured approximately $260,000 in cash from his drug trafficking proceeds to purchase his home, heavy equipment, and a vehicle. Young and his co-conspirators used a variety of bank accounts and individuals to structure the cash payments.

Assistant United States Attorney Brendan T. Conway prosecuted this case on behalf of the government.

U.S. Attorney Hickton commended the Internal Revenue Service-Criminal Investigations and the Bureau of Alcohol, Tobacco, Firearms, and Explosives for the investigation leading to the successful prosecution of Daniel Young.

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