Associated Press Published

Former Pharmacy Owner Pleads Guilty


A former Barboursville pharmacy owner has pleaded guilty to avoiding federal cash reporting requirements.

Kofi Ohene Agyekum faces up to 20 years in prison. Sentencing is set for Aug. 3.

U.S. Attorney Booth Goodwin says the 37-year-old Agyekum made a series of cash deposits in amounts less than $10,000 to multiple accounts at banks in the Barboursville area.

Federal law requires financial institutions to report cash transactions exceeding $10,000 to the federal government.

Agyekum pleaded guilty on Monday in federal court in Huntington to violating federal banking laws.

Goodwin says Agyekum will forfeit more than $2 million to the government under a plea agreement, along with a Lexus and his home in Barboursville.