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Barboursville pharmacy president faces charges

HUNTINGTON (AP) — The president of a Barboursville pharmacy faces charges of trying to evade federal cash reporting requirements.

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

A criminal complaint charges 36-year-old Kofi Ohene Agyekum with structuring transactions to evade the requirement. The Internal Revenue Service filed the complaint in federal court in Huntington earlier this month, along with an affidavit.

The affidavit says Agyekum made a series of cash deposits totaling about $20,000 into various accounts at four banks in Barboursville on June 2. The largest deposit was $6,050.

Agyekum is president and director of KAYPAT Medical Inc., which did business as A+ Care Pharmacy.

Agyekum’s attorney, David O. Schles, tells The Herald-Dispatch that he expects Agyekum to plead not guilty if he’s indicted.

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