Advertisement

Charges dismissed against Martinsburg Motor Sports Sales Inc.

Company's former manager still faces prosecution

February 07, 2012

MARTINSBURG, W.Va. — Federal charges pending against a Martinsburg business have been dismissed, but a former manager of the company still faces prosecution, according to court documents.

An order dismissing the government’s case against Martinsburg Motor Sports Sales Inc., was filed Jan. 12 in the U.S. courthouse in Martinsburg, the court documents said.

The business and Larry E. Presgraves Jr. of Inwood, W.Va., were charged last summer with evading federal reporting requirements for cash deposits, the documents said.

The indictment charges that Presgraves made nine cash deposits totaling $318,690 into the company’s bank account from March 3, 2006, through June 28, 2007. Each deposit was less than $10,000. Federal law requires cash deposits exceeding $10,000 to be reported.

Advertisement

 The order filed last month delays Presgraves’ trial for 18 months as part of a pretrial diversion agreement, the documents said.

In that time period, Presgraves will be supervised by a federal probation officer and will not be prosecuted on the pending charges if he does not violate his supervision terms, according to the order, which was signed by U.S. District Judge John Preston Bailey.

The Herald-Mail Articles
|
|
|