Eighty Four man sentenced for conspiracy, structuring financial transactions

February 7, 2014

An Eighty Four man has been sentenced to more than five years in jail and three years of supervised release following convictions of conspiracy and structuring financial transaction.

Daniel Young, 42, was sentenced Friday by U.S. District Judge David Cercone, who also ordered Young to forfeit $440,000 in money and equipment.

According to information presented in court, Young and his co-defendants, Kimberly Ostrander and Dennis Young, structured financial transactions with financial institutions and businesses to avoid filing currency transaction reports – which are required when financial institutions and businesses receive more than $10,000 in cash. Daniel Young, who is serving a 12- to 14-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. Daniel Young, along with Dennis Young and Ostrander, used a variety of bank accounts and individuals to structure the cash payments.

The case was prosecuted by Assistant U.S. Attorney Brendan Conway. The Criminal Investigations department of the Internal Revenue Service and the Bureau of Alcohol, Tobacco, Firearms and Explosives investigated.



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