A Williamsburg gun business that illegally structured financial transactions was sentenced November 14, 2012 to one year of probation and fined $20,000.00.

Michael Gabriel, LLC, located in Williamsburg, Iowa received the sentence after a July 30, 2012 guilty plea to one count of illegally structuring monetary transactions. Michael Gabriel, LLC, formerly did business as Gabe’s Gun Shop, LLC.

In a plea agreement, Michael Gabriel, acting on behalf of Michael Gabriel, LLC admitted company personnel structured business transactions to avoid reporting requirements. The transactions were structured so that no deposits over $10,000.00 were made between January 2007 and September 2010. The purpose of the structuring was to avoid financial reporting requirements. In February of 2011, agents from the United States Internal Revenue Service executed a search warrant at the business and seized funds in business accounts.

Michael Gabriel, LLC was sentenced in Cedar Rapids by United States District Court Chief Judge Linda R. Reade. The corporation was sentenced to one year of probation and fined $20,000.00. Michael Gabriel, LLC will also forfeit $374,950.00.

The case was prosecuted by Assistant United States Attorney Matthew Cole and investigated by the United States Internal Revenue Service.

Court file information is available at https://ecf.iand.uscourts.gov/cgi-bin/login.pl. The case file number is 12-CR-51.

 

 

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