Newark Man Sentenced To 12 Months And A Day Imprisonment In Structuring Case

WILMINGTON, Del. – David C. Weiss, Acting United States Attorney for the District of Delaware, announced today that Matthew Czap, age 68, formerly of Newark, was sentenced on July 12, 2017, by Chief U. S. District Court Leonard P. Stark to one year and one day of imprisonment and 2 years of supervised release. The sentencing came after Mr. Czap pleaded guilty on March 22, 2017 to one count of structuring financial transactions to avoid currency reporting requirements.

Between November 2, 2015 and March 30, 2016, defendant made eighteen separate cash deposits, totaling $163,460, each in an amount of less than $10,000. Defendant made many of the deposits on successive days, in amounts approaching, but under $10,000. Dating back to January 2013, Defendant structured approximately $1.2 million of cash deposits, while aware that the currency represented the proceeds of his wife’s criminal conduct.

Acting U.S. Attorney Weiss stated, “The Court’s sentence properly reflects the serious nature of structuring, which is, at its core, a form of money laundering. Mr. Czap’s conduct helped to conceal the proceeds of fraud and allowed the crime to go undetected for years. While he didn’t personally steal the money, he enjoyed the benefits of it. Individuals contemplating similar conduct should understand that their crimes will have the most serious of consequences.”

The case was investigated by the Internal Revenue Service Criminal Investigation and the Federal Bureau of Investigation. It was prosecuted by Assistant United States Attorney Lesley Wolf. Acting U.S. Attorney Weiss thanked the investigators for their hard work in pursuing this investigation.

See also: https://www.justice.gov/usao-de/pr/newark-woman-charged-61m-wire-fraud-scheme-identity-theft-money-laundering-and-tax