IRS Indicts Four New York U-S-A Station Owners

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IRS Indicts Four New York U-S-A Station Owners

11/05/2004
ALBANY, N.Y. -- A federal indictment charged four Albany-area U-S-A gas station owners with not reporting more than $17 million to the Internal Revenue Service, reported the Associated Press.

Authorities said the men deposited the money in six bank accounts in amounts under $10,000 from November 1999 to July 2003. Federal law requires domestic financial institutions to report to the IRS all cash transactions over $10,000.

The U.S. attorney's office identified the men as 56-year-old Mustafa Ozbay of Schenectady; 59-year-old Ziya Ozbay of Schenectady; 29-year-old Birol Ozbay of Schenectady; and 38-year-old Yalcin Ozbay of Saratoga Springs.

They operated seven U-S-A Gas stations and convenience stores. If convicted, each faces a maximum of 10 years in prison and a $500,000 dollar fine.