Trio indicted over banking practices
A Greene County woman and two others were indicted by a federal grand jury in Pittsburgh on charges of structuring financial transactions and conspiracy to commit the same.
Named in the indictment were Kimberly Ostrander, 47, of Wind Ridge, Greene County; Daniel Young, 40, of Eighty Four; and Dennis Young, 45, of Monongahela.
Prosecutors alleged that the three made thousands of dollars in transactions with banks and businesses to avoid filing currency transaction reports. Those reports are required when banks or businesses receive more than $10,000 in cash.
The alleged scheme started in 2007 and continued in February 2009, according to paperwork filed in Western District Court in Pittsburgh.
The court filings also gave notice that prosecutors would move to forfeit a 2008 Dodge truck, a 2007 John Deere tractor, a 2008 front loader, property in Eighty Four and Monongahela and $125,000.
The law provides for a maximum total sentence of five years in prison, a fine of $250,000, or both, for each count. Under the federal sentencing guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Assistant U.S. Attorney Brendan T. Conway is prosecuting the case on behalf of the government.
The Internal Revenue Service-Criminal Investigations and the Bureau of Alcohol, Tobacco, Firearms and Explosives conducted the investigation leading to the indictment in this case.