TOLEDO â?? A local auctioneer was sentenced to one day in jail Monday and fined $7,500 for three counts of structuring to avoid currency transaction reporting requirements. Donnie R. Sargent also was placed on one year probation and fined $7,500. He turned over to authorities a check for $202,800 to avoid forfeiting his property, according to records.As part of his conditions of release, Sargent must submit a DNA sample, is not allowed to possess a gun, and cannot incur new credit charges or open a line of credit without permission from his probation officer. He also must provide probation officers access to any request financial information, according to court records.The property Sargent paid the government to keep was at 36025 township Road 68 in Coshocton. He also agreed to cooperate with the IRS civil division on a review of his taxes between 2005 and 2010.Sargent is the owner of Sargentâ??s Auctioneer Inc. He pleaded guilty to charges that accuse him of structuring currency deposits totaling $202,800. Structuring is when a person makes a series of transactions with a total value of more than $10,000, in such a way that no single transaction exceeds $10,000, to avoid reporting requirements to the federal government.The IRS found 19 times between Dec. 15, 2009, and Jan. 5, 2010, where Sargent deposited money less than $10,000, the IRS reported.Sargent purchased two cashier checks totaling $193,494 and four other checks for $9,000 to purchase the property in Coshocton, the IRS reported.Sargent admitted to making the transactions but said he had no criminal intent. Coshocton County records showed Sargent purchased 115 acres of land Jan. 12, 2010, for $238,000.You can comment on this story at www.limaohio.com.