Bucks County Man Charged with Filing False Tax Returns and Structuring Cash Deposits of Marijuana Sales Proceeds

An Information[1] was returned yesterday charging Bradley Mark Cohen, 60, of Ottsville, PA, with four counts of filing false tax returns and three counts of structuring cash deposits to avoid a reporting requirement, announced Acting United States Attorney Louis D. Lappen.

The Information alleges that Cohen was the owner/operator of two companies, Green Revolution, Inc. and Plug-In Manufacturing, which were involved in the business of selling “green” energy products, such as capacitors, to commercial and residential customers. As alleged in the Information, between January 1, 2010 and December 31, 2014, Cohen failed to report on his tax returns over $950,000 that he earned from these two companies, because instead he paid the majority of his personal living expenses, including his home mortgage, personal credit cards, golf club membership, and home improvements, through his business bank accounts and falsely treated these payments as business expenses.

In addition, the Information further alleges that between January 1, 2014, and September 18, 2015, Cohen received cash from his illegal sale of marijuana that he caused to be shipped from California to Pennsylvania New Jersey. The Information alleges that during this period, Cohen structured the deposits of over $143,000 in cash from his sale of marijuana into bank accounts that he controlled by making sure that the individual deposits were in amounts less than $10,000, in order to evade the banks’ currency transaction reporting requirements, of which Cohen was aware.

Cohen faces a maximum sentence of 27 years’ imprisonment, a three-year period of supervised release, a $1,150,000 fine, and a $700 special assessment. Cohen also will be required to provide payment for all unpaid taxes, interest and penalties finally determined to be due and owing.

The case was investigated by the Internal Revenue Service, Criminal Investigation Division, and the Federal Bureau of Investigation, and is being prosecuted by Assistant United States Attorney Michael S. Lowe.