Lemont man gets probation, fine for structuring financial transactions

For the CDTDecember 19, 2013 

— A Centre County man will be on probation for a year for structuring financial transactions with two credit unions over an extended period to avoid federal currency reporting requirements.

John Suhan, 48, of Lemont, who had previously pleaded guilty, was sentenced Thursday by U.S. Middle District Judge Matthew W. Brann, who also imposed a $1,000 fine.

The government had recommended probation for Suhan, who has master’s degree in business administration. He told the judge he did not realize the magnitude of what he had done.

Suhan and his wife received from his mother in January 2006 $372,321 in cash from a family business and put it in a safe in their house.

As he needed the money between 2006 and 2011 to pay household bills and living expenses, he would make deposits in different offices of Penn State and SPE federal credit unions.

Assistant U.S. Attorney George J. Rocktashel said that Suhan made more than 200 separate deposits in varying amounts, but less than $10,000. The law requires financial institutions to report transactions exceeding $10,000.

The sentence also includes forfeiture of $3,180 seized by the FBI from the safe.

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