Eighty-Four Man Convicted of Committing Financial Crimes

After deliberating two hours, a federal jury found an Eighty-Four man guilty of four counts of conspiracy and structuring financial transactions, prosecutors said this Friday. 

Daniel Young, 42, of Eighty-Four, was tried before U.S. District Judge David S. Cercone in Pittsburgh.

Prosecutors said the evidence presented at trial established that Young participated with two other individuals in a conspiracy in which they structured financial transactions with financial institutions and business to avoid the filing of currency transaction reports.

Currency transactions reports are required to be filed when financial institutions and business received in excess of $10,000 in cash.

The jury also concluded that one vehicle, two pieces of equipment, two real estate properties, and $234,859 was forfeitable to the United States.

Cercone scheduled sentencing for Dec. 4.

The law provides for a total sentence of 20 years in prison, a fine of $1 million or both.