CEDAR RAPIDS, Iowa (AP) -- A former police chief and gun dealer in Williamsburg has pleaded guilty to manipulating cash deposits to conceal gun sales.
The Gazette reports that Michael Gabriel has agreed to forfeit nearly $375,000 as part of a plea agreement with federal prosecutors. Gabriel also faces up to five years of probation and a fine of up to $500,000.
Gabriel retired from the Williamsburg Police Department in 2007 and formerly operated Gabe's Gun Shop in Williamsburg.
Court documents say that between April 27, 2009, and Aug. 17, 2010, Gabriel tried to hide proceeds from his gun business by splitting cash deposits in excess of $10,000 into smaller deposits to avoid the federal cash reporting requirement.
The Internal Revenue Service seized money from Gabriel's business and home in April 2011.