The owner of Virtus Armament and The Armory, Esteban Yanez, a federal firearms licensee (FFL), was indicted last week on charges related to aiding and abetting straw purchases of firearms and failing to report cash transactions over $10,000.
On April 8, a federal grand jury in Phoenix returned an 8-count indictment against Yanez, 34, of Gilbert, Arizona, for False Statement During the Purchase of a Firearm, Straw Purchasing of Firearms, and Failure to File Forms 8300 Relating to Cash Received in Trade or Business. Yanez was arraigned April 14.
The indictment alleges that on three occasions, Yanez aided and abetted individuals who knowingly made false statements to Yanez’s FFL when submitting the ATF Form 4473, misrepresenting the actual purchaser of the firearms. In two instances, the firearms were being purchased for an individual convicted of a felony. Federal law prohibits felons from possessing firearms. Finally, Yanez is also alleged to have failed to file the IRS Form 8300, reporting the receipt of over $10,000 in a trade or business, related to the sale of firearms.
A conviction for False Statement During the Purchase of a Firearm carries a maximum penalty of 5 years in prison, a fine of up to $250,000, or both. A conviction for Straw Purchasing of Firearms carries a maximum penalty of 15 years in prison, a fine of up to $250,000, or both. A conviction for Failure to File Forms 8300 Relating to Cash Received in Trade or Business carries a maximum penalty of 10 years in prison, a fine of up to $500,000, or both.
Be the first to comment