TRENTON – The owner of a Union County retail jewelry business, Elegant Creations, Inc., was sentenced Friday to five months in prison and five months home confinement for causing the business to fail to file a report as required in connection with the receipt by the business of United States currency in amounts over $10,000.
U.S. District Judge Anne Thompson also ordered Robert Kalantarov to pay a fine of $3,000 and to serve two years on supervised release after his release from prison.
William P. Offord, special agent in charge, IRS, criminal investigation, said, “Currency report information provides a paper trail or roadmap for investigations of financial crimes and illegal activities, including tax evasion, embezzlement, and money laundering. Today’s sentence should send a message that when individuals intentionally fail to file these reports, it is a crime and IRS-Criminal Investigation will vigorously investigate these cases.”
According to court documents, on Aug. 12, 2008, a criminal complaint was filed against Robert Kalantarov alleging a confidential informant paid Kalantarov over $10,000 in United States currency, either at one time or in installments during the years 2004 through 2005. Among the items purchased by the confidential informant was a necklace worth approximately $12,000, two watches worth approximately $30,000 and $28,000, and a ring worth about $33,000. Kalantarov accepted cash payments from the confidential informant and failed to file forms 8300 reporting the receipt of the cash.
According to court documents, on June 9, 2009, Kalantarov pled guilty to a one-count information charging him with causing Elegant Creations, Inc. to fail to file a report as required under Title 31, United States Code, Section 5331, in connection with the receipt by Elegant Creations, Inc. of United States currency in amounts over $10,000. Federal law requires a non-financial trade or business to file a Form 8300, whenever a customer pays more than $10,000 in cash to purchase merchandise.
The investigation and prosecution of Kalantarov was conducted by IRS-Criminal Investigation and the United States Attorney’s Office for the District of New Jersey.
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