Marshall County man admits to fraud charge
WHEELING, WEST VIRGINIA – Francis Tucker, of Moundsville, West Virginia, has admitted to a fraud charge, United States Attorney William J. Ihlenfeld, II announced.
Tucker, 67, pleaded guilty today to one count of “Structuring Financial Transactions to Evade Reporting Requirements.” Tucker admitted to conducting withdrawals of proceeds from the sale of a property in Florida in a manner and, with the intent to avoid bank reporting requirements regarding certain cash transactions. This crime occurred in 2016.
Tucker faces up five years of incarceration and a fine of up to $250,000. Under the Federal Sentencing Guidelines, the actual sentence imposed will be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.
Assistant U.S. Attorneys Danae DeMasi-Lemon and Jarod J. Douglas are prosecuting the case on behalf of the government. The FBI investigated.
U.S. Magistrate Judge James P. Mazzone presided.