Ellensburg Man Turns Himself In After Making Improper Cash Deposits
ELLENSBURG, Wash - An Ellensburg man is indicted after investigators say he made over 200 illegal cash deposits. Fifty two-year-old Gurmit Singh Kaila is a former owner of a mini mart in the city and may now have to forfeit the total amount of the deposits, over $4,000,000.
Kaila is accused of structuring financial transactions. A bank is required to report all deposits over $10,000 to the IRS. Investigators say to avoid this; Kaila would make cash deposits of just under $10,000 once every few days to two different banks in Ellensburg.
Kaila turned himself in last Friday and appeared in Yakima Federal Court. The Big B Mini mart was sold to new owners a few months ago. They tell KNDO they were shocked to hear the news about Kaila, saying they never thought anything like that was going on.
The maximum sentence for each of Kaila's 203 counts is five years imprisonment and a $250,000 fine.