ANCHORAGE - A 37-year-old Seward woman has been indicted for violating federal banking reporting laws.
Federal authorities say Jennifer Ann Shanholtzer is accused of making 13 deposits totaling $83,000 in her bank account in such a way as to avoid reporting the money to the Internal Revenue Service.
The Bank Secrecy Act of 1970 requires that any cash transactions exceeding $10,000 be reported to the IRS.
If found guilty, Shanholtzer could be sentenced to 10 years in prison and a $250,000 fine.
The government also is seeking forfeiture of the $83,000 and a vehicle used in the alleged crime.
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