Mechanicsburg man sentenced to two years’ probation for depositing over a million dollars in cash to avoid bank reporting requirements

 

Date: June 25, 2020

Contact: newsroom@ci.irs.gov

HARRISBURG – Kenneth Hoffman of Mechanicsburg, Pennsylvania, was sentenced on June 23, 2020, by United States District Court Judge Christopher C. Conner to two years' probation and to pay a $9,700 fine for structuring cash deposits.

Between 2014 and 2017, Hoffman deposited over $2 million in cash into various bank accounts which were just below $10,000 to avoid having his cash deposits reported to federal authorities.

Judge Conner recognized the remedial steps Hoffman took since the IRS began their investigation in 2017. When the IRS initiated the case, Hoffman worked closely with outside professionals to reform his business practices. In addition, he has filed amended returns with appropriate taxing authorities to remedy prior deficiencies.

The case was investigated by the Internal Revenue Service – Criminal Investigation. Assistant U.S. Attorney Michael A. Consiglio is prosecuting the case.