A southern West Virginia
Aracoma Contracting LLC of Williamson is charged in a federal
information with structuring cash withdrawals from its bank accounts to evade
federal reporting requirements.
Federal law requires financial transactions of more than $10,000 to be reported to the Internal Revenue Service.
Aracoma is accused of using the money to bribe 52-year-old Arville Sargent of Chapmanville, a former BrickStreet Mutual Insurance Company auditor who allowed the company to underreport its payroll.
Sargent and two principals for the company, 50-year-old Jerome Edward Russell of Williamson and 58-year-old Frelin R. Workman of Belfry, Ky., pleaded guilty in March to charges stemming from the scheme. They are awaiting sentencing.
Aracoma provided labor on a contract basis to coal companies.
Federal law requires financial transactions of more than $10,000 to be reported to the Internal Revenue Service.
Aracoma is accused of using the money to bribe 52-year-old Arville Sargent of Chapmanville, a former BrickStreet Mutual Insurance Company auditor who allowed the company to underreport its payroll.
Sargent and two principals for the company, 50-year-old Jerome Edward Russell of Williamson and 58-year-old Frelin R. Workman of Belfry, Ky., pleaded guilty in March to charges stemming from the scheme. They are awaiting sentencing.
Aracoma provided labor on a contract basis to coal companies.
