Date: December 4, 2020 Contact: firstname.lastname@example.org Chicago — A Chicago man was sentenced today to 14 months in federal prison for illegally structuring nearly $350,000 in cash deposits in an effort to evade federal reporting requirements, announced Tamera Cantu, Acting Special Agent-in-Charge of the IRS Criminal Investigation Division in Chicago. In 2015 and 2016, Antuane King made at least 37 deposits of less than $10,000 each at seven financial institutions, including the Chicago Firefighters Credit Union. The deposits were structured in an effort to evade federal reporting rules, which require financial institutions to notify the U.S. Department of the Treasury about transactions of more than $10,000. After making all of the structured cash deposits, King later combined all of the money to purchase three residences in the south suburbs of Chicago. A federal jury earlier this year convicted King on two counts of structuring a currency transaction. U.S. District Judge Jorge L. Alonso imposed the sentence after a hearing in federal court in Chicago.